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 recent survey data about manufacturing firms in the State of New York, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 23.2 in October 2026, compared to 2.0 in September.
Sample. There are 304 records overall in the monthly series shown in the plot above. The series covers the time span stretching from July 2001 to October 2026.
History. Here's a snapshot of a few summary statistics we computed on the entire sample: the diffusion index had an average value of 6.2; it reached a trough of -68.8 in April 2020; it reached its maximum of 42.0 in May 2004.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 17.3000 |
| 2026-09-30 | 2.00000 |
| 2026-10-31 | 23.2000 |
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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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