Average Fed Srv Survey: Equipment and software 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 equipment and software expenditures was 17.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, versus 6.4 in August.
Sample. There are 153 observations in the monthly time series shown in the chart above. The series covers the period stretching from January 2014 to September 2026.
History. Here's a snapshot of some descriptive statistics computed on the entire sample: the diffusion index recorded its maximum of 33.4 in July 2018; it registered a minimum of -28.8 in April 2020; it had an average value of 16.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 17.9000 |
| 2026-08-31 | 6.40000 |
| 2026-09-30 | 17.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did equipment and software 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 services surveys |
| FSR temporal aggregation code | LM01 |
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