Empire State Manufacturing Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about NY-based manufacturers, the seasonally adjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) was 11.3 in January 2026, compared to 7.9 in December 2025.
Sample. In the monthly series shown in the chart, there are a total of 295 observations. The series covers the time period stretching from July 2001 to January 2026.
History. Check out some descriptive statistics calculated on the whole sample: the diffusion index reached its highest level of 18.7 in March 2022; it registered a minimum of -20.5 in September 2001; it was equal on average to -1.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 1.0 |
| 2025-12-31 | 7.9 |
| 2026-01-31 | 11.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will delivery times increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
Discover the other time series included in this data set.