Empire State Manufacturing Survey: Inventories: Current (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 inventories (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 0.0 in June 2026, compared to 9.7 in May.
Sample. This monthly series has 300 observations overall. The series covers the time period extending from July 2001 to June 2026.
History. Here's a snapshot of a few statistics computed on the full sample: the diffusion index had a mean value of -2.7; it hit a peak of 40.0 in September 2001; it recorded a minimum of -36.5 in July 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 5.1 |
| 2026-05-31 | 9.7 |
| 2026-06-30 | 0.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did inventories increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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) |
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