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 manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally adjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 7.2 in August 2026, compared to -4.0 in July 2026.
Sample. There are 302 records in the monthly time series shown in the graph above. The series covers the span of time extending from July 2001 to August 2026.
History. Here's a snapshot of a few simple statistics computed on the whole sample: the diffusion index averaged -0.9; it recorded a minimum of -20.5 in September 2001; it peaked at 18.7 in March 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 7.9 |
| 2026-07-31 | -4.0 |
| 2026-08-31 | 7.2 |
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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.