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 collected by the Federal Reserve, the seasonally adjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) was 7.9 in December 2025, compared to 1.0 in the previous month.
Sample. In the monthly series presented in the plot, there are 294 data points overall. The period covered by the series goes from July 2001 to December 2025.
History. Check out some simple statistics we calculated on the full sample: the diffusion index was equal on average to -1.1; it recorded its highest level of 18.7 in March 2022; it recorded a bottom of -20.5 in September 2001.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 5.8 |
| 2025-11-30 | 1.0 |
| 2025-12-31 | 7.9 |
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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.