Empire State Manufacturing Survey: New orders: Future (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 future increase minus share forecasting a decrease) stood at 38.0 in December 2025, versus 23.3 in November 2025.
Sample. In this monthly time series, there are a total of 294 data points. The series covers the span of time going from July 2001 to December 2025.
History. Here’s a quick look at a few descriptive statistics calculated on the entire sample: the diffusion index had a mean of 35.0; it hit a trough of -6.6 in April 2025; it reached its maximum of 70.3 in April 2002.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 34.9 |
| 2025-11-30 | 23.3 |
| 2025-12-31 | 38.0 |
Heads-up. An advantage of using our web site is that we provide rich metadata. Check it below to gain insights on the attributes of the series that you analyze.
Not for investment purposes. Any financial data disseminated on this web site are not suitable for investment purposes or other financial decisions. Users should consult expert advice and perform independent analysis before taking any financial risk.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |
Series in the same data set
Discover the other time series included in this data set.