Empire State Manufacturing Survey: New orders: Future (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. According to recent survey data about manufacturing firms in the State of New York, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 20.8 in June 2026, versus 21.4 in May 2026.
Sample. This monthly series has 300 observations in total. The series covers the time span extending from July 2001 to June 2026.
History. Here are some descriptive statistics we computed on the full sample: the diffusion index attained a maximum of 73.0 in April 2002; it hit a minimum of -15.7 in September 2001; it averaged 34.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 22.2 |
| 2026-05-31 | 21.4 |
| 2026-06-30 | 20.8 |
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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 | 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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