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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 5.8 in October 2025, compared to -2.0 in September 2025.
Sample. In this monthly series, there are 292 observations overall. The time period covered by the series extends from July 2001 to October 2025.
History. Here's a snapshot of a few descriptive statistics we computed on the whole sample: the diffusion index reached its highest level of 18.7 in March 2022; it recorded a minimum of -20.5 in September 2001; it had a mean of -1.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 5.5 |
| 2025-09-30 | -2.0 |
| 2025-10-31 | 5.8 |
Tip. To simplify research, we organize time series into data sets and worksheets. If you navigate further down, you will find how we arranged further information linked to the statistics found here.
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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) |