Average Fed Mfg Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for capacity utilization was 8.6 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 7.2 in August 2026.
Sample. This monthly time series has a total of 267 data points. The series covers the time period extending from June 2004 to September 2026.
History. Here's a peek at a few simple statistics we calculated on the whole sample: the diffusion index averaged 3.1; it peaked at 39.1 in March 2021; it recorded a minimum of -45.4 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 0.200000 |
| 2026-08-31 | 7.25000 |
| 2026-09-30 | 8.60000 |
Nugget of wisdom. A plus of using FetchSeries is that we give you rich metadata. Check it below to better understand the properties of the series that you use in your work.
Not for investment purposes. Any financial data found on FetchSeries are not intended for investment purposes or as a basis for making financial decisions. Users should ask for professional advice and perform independent analysis 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 | 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 | 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.