Empire State Manufacturing Survey: New orders: Current (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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 22.1 in October 2026, compared to 9.9 in September.
Sample. There are 304 records overall in the monthly time series shown in the plot above. The series covers the span of time stretching from July 2001 to October 2026.
History. Check out some summary statistics calculated on the whole sample: the diffusion index had an average value of 6.1; it attained a maximum of 48.3 in May 2004; it recorded a minimum of -60.6 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 12.4000 |
| 2026-09-30 | 9.90000 |
| 2026-10-31 | 22.1000 |
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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 | No |
| 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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