Kansas City Fed Manufacturing Survey: Shipments: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for shipments stood at -11.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in December 2025, versus 19.0 in November 2025.
Sample. In the monthly time series presented in the chart, there are 294 data points in total. The time period covered by the series stretches from July 2001 to December 2025.
History. Here's a peek at some summary statistics we calculated on the whole sample: the diffusion index hit a minimum of -49.0 in April 2020; it reached a maximum of 47.0 in March 2022; it had an average value of 6.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 14.0 |
| 2025-11-30 | 19.0 |
| 2025-12-31 | -11.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Seasonally adjusted | No |
| 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: Shipments |
| FSR temporal aggregation code | LM01 |
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