Average Fed Srv Survey: Equipment and software expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for equipment and software expenditures was 16.7 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to 7.9 in August.
Sample. There are 153 observations in the monthly time series shown in the graph above. The series covers the time range extending from January 2014 to September 2026.
History. Here’s a quick look at some summary statistics computed on the entire sample: the diffusion index peaked at 34.5 in June 2018; it recorded a minimum of -27.1 in April 2020; it was equal on average to 16.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 16.6000 |
| 2026-08-31 | 7.90000 |
| 2026-09-30 | 16.7000 |
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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 | No |
| 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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