Empire State Manufacturing Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for delivery times (share of CEOs seeing a future increase minus share forecasting a decrease) was 5.5 in August 2025, compared to -3.7 in the previous month.
Sample. In this montly time series, there are 290 data points overall. The period covered by the series goes from July 2001 to August 2025.
History. Here's a peek at a few descriptive statistics computed on the entire sample: the diffusion index peaked at 18.7 in March 2022; it hit a trough of -20.5 in September 2001; it had an average value of -1.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -9.2 |
| 2025-07-31 | -3.7 |
| 2025-08-31 | 5.5 |
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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 | No |
| Rescaling | None |
| Frequency | Montly |
| 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) |