Average Fed Mfg Survey: Capital expenditures: 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 capital expenditures was 0.8 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus 1.6 in August 2026.
Sample. There are 191 records overall in the monthly time series shown in the plot above. The span of time covered by the series stretches from February 2010 to September 2026.
History. Have a look at some statistics we computed on the full sample: the diffusion index hit a peak of 26.8 in July 2018; it hit a minimum of -38.0 in April 2020; it had a mean value of 7.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 6.10000 |
| 2026-08-31 | 1.60000 |
| 2026-09-30 | 0.750000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did capital expenditures 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.