Average Fed Mfg Survey: Unfilled 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 unfilled orders stood at 10.4 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 5.1 in August 2026.
Sample. This monthly time series has a total of 268 data points. The series covers the time span stretching from June 2004 to September 2026.
History. Have a look at some descriptive statistics we calculated on the entire sample: the diffusion index had a mean of -3.8; it reached a minimum of -33.6 in February 2009; it reached a maximum of 27.5 in May 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 5.42000 |
| 2026-08-31 | 5.12000 |
| 2026-09-30 | 10.4000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled 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 |
Series in the same data set
Discover the other time series included in this data set.