Empire State Manufacturing Survey: New orders: 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 new orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 6.4 in March 2026, compared to 5.8 in February.
Sample. This monthly time series has 297 data points in total. The series covers the time range going from July 2001 to March 2026.
History. Here's a peek at some descriptive statistics computed on the full sample: the diffusion index averaged 6.0; it reached its maximum of 42.0 in May 2004; it recorded a minimum of -68.8 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 6.6 |
| 2026-02-28 | 5.8 |
| 2026-03-31 | 6.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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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