Average Fed Srv Survey: General business activity: 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 general business activity was -13.4 (share of CEOs seeing a recent increase minus share reporting a decrease) in September 2026, compared to -10.4 in August 2026.
Sample. In this monthly series, there are 153 observations overall. The period covered by the series stretches from January 2014 to September 2026.
History. Have a look at some statistics computed on the whole sample: the diffusion index was equal on average to 2.3; it recorded a maximum of 40.9 in June 2021; it reached its minimum of -83.0 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 1.73333 |
| 2026-08-31 | -10.4333 |
| 2026-09-30 | -13.3833 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did general business activity 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 4 regional Federal Reserve services surveys |
| FSR temporal aggregation code | LM01 |
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