Average Fed Srv 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 Srv Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve services surveys, the seasonally adjusted diffusion index for capital expenditures was 6.2 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 8.3 in August.
Sample. In the monthly time series plotted above, there are 153 observations overall. The time span covered by the series goes from January 2014 to September 2026.
History. Here's a glimpse of some statistics calculated on the full sample: the diffusion index had a mean value of 9.9; it hit a trough of -37.8 in April 2020; it hit a maximum of 21.9 in November 2017.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 11.8333 |
| 2026-08-31 | 8.33333 |
| 2026-09-30 | 6.16667 |
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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 3 regional Federal Reserve services surveys |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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