Empire State Manufacturing Survey: Shipments: 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 survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally adjusted diffusion index for shipments (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 8.6 in June 2026, compared to 18.9 in May 2026.
Sample. In this monthly series, there are 300 observations overall. The time period covered by the series goes from July 2001 to June 2026.
History. Here's a glimpse of a few statistics we calculated on the entire sample: the diffusion index hit a trough of -70.9 in April 2020; it reached its highest level of 49.6 in April 2004; it had an average value of 10.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 20.2 |
| 2026-05-31 | 18.9 |
| 2026-06-30 | 8.6 |
Tip. An advantage of using our web site is that we give you complete metadata. Find it below to gain insights on the properties of the time series that you use in your work.
Not for investment purposes. Data and analyses found on this web site are not not supposed to be used for investment purposes or as a basis for making financial decisions. Users should obtain expert advice and do their own independent due diligence before making any financial commitments.
Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments 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) |
Series in the same data set
Discover the other time series included in this data set.