Average Fed Mfg Survey: New orders: 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 new orders was 16.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 17.7 in August 2026.
Sample. In the monthly time series shown in the chart, there are 268 records in total. The series covers the period going from June 2004 to September 2026.
History. Here's a peek at a few statistics we computed on the entire sample: the diffusion index had an average value of 4.5; it achieved a maximum of 29.1 in April 2021; it reached its lowest level of -66.3 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 16.1200 |
| 2026-08-31 | 17.6800 |
| 2026-09-30 | 15.9800 |
Tip. A benefit of using FetchSeries is that we give you rich metadata. Find it below to better understand the characteristics of the time series that you are exploring.
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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 5 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
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