Kansas City Fed Manufacturing Survey: Unfilled orders: Future (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 unfilled orders was 2.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in February 2026, versus -3.0 in the previous month.
Sample. This monthly time series has a total of 296 data points. The series covers the period extending from July 2001 to February 2026.
History. Here’s a quick look at a few descriptive statistics calculated on the whole sample: the diffusion index had a mean of 8.2; it peaked at 33.0 in May 2002; it reached a trough of -35.0 in March 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 1.0 |
| 2026-01-31 | -3.0 |
| 2026-02-28 | 2.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will unfilled 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 | 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: Unfilled orders |
| FSR temporal aggregation code | LM01 |
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