Average Fed Mfg Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Mfg Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve manufacturing surveys, the seasonally adjusted diffusion index for capacity utilization stood at 8.4 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 7.4 in August 2026.
Sample. In the monthly series presented in the graph, there are 268 data points. The series covers the time range extending from June 2004 to September 2026.
History. Here's a peek at some descriptive statistics we computed on the full sample: the diffusion index reached its lowest level of -56.3 in April 2020; it hit a peak of 32.3 in March 2021; it was equal on average to 3.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 3.95000 |
| 2026-08-31 | 7.40000 |
| 2026-09-30 | 8.45000 |
Heads-up. One of the pros of our web site is that we provide accurate metadata. Check it below to learn more about the characteristics of the series that you use in your work.
Not for investment purposes. Financial data made available on FetchSeries are not suitable for investment purposes or any other financial decision. Users should consult professional advice and perform their own independent due diligence before pledging money to any investment.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capacity utilization 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 | 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 | FetchSeries Research calculations on Federal Reserve data |
| Source type | Data research lab |
| Data licence | Creative Commons Attribution 4.0 International (CC BY 4.0) + FetchSeries disclaimers |
| Other information | Arithmetic average across 2 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
Series in the same data set
Discover the other time series included in this data set.