Kansas City Fed Manufacturing Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Manufacturing Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Tenth Federal Reserve District, the seasonally adjusted diffusion index for new orders stood at 31.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 36.0 in August 2026.
Sample. In this monthly time series, there are a total of 303 observations. The series covers the period extending from July 2001 to September 2026.
History. Here's a glimpse of a few summary statistics computed on the whole sample: the diffusion index had an average value of 22.8; it recorded a maximum of 52.0 in October 2003; it reached a minimum of -36.0 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 28.0000 |
| 2026-08-31 | 36.0000 |
| 2026-09-30 | 31.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Seasonally adjusted | Yes |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: New orders |
| FSR temporal aggregation code | LM01 |
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