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 15.4 in August 2025, compared to 2.0 in July 2025.
Sample. There are 290 data points overall in the montly time series shown in the chart above. The series covers the time span going from July 2001 to August 2025.
History. Take a look at some statistics computed on the full sample: the diffusion index recorded a bottom of -69.1 in April 2020; it hit a peak of 42.0 in May 2004; it was equal on average to 6.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -14.2 |
| 2025-07-31 | 2.0 |
| 2025-08-31 | 15.4 |
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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 | 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) |