Empire State Manufacturing Survey: Shipments: 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 shipments (share of CEOs seeing a recent increase minus share reporting a decrease) was 0.0 in March 2026, versus 3.0 in February 2026.
Sample. In this monthly series, there are 297 data points. The series covers the time range stretching from July 2001 to March 2026.
History. Here's a glimpse of some statistics calculated on the whole sample: the diffusion index reached a minimum of -61.9 in April 2020; it reached a maximum of 54.2 in May 2004; it had a mean of 9.9.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | -5.2 |
| 2026-02-28 | 3.0 |
| 2026-03-31 | 0.0 |
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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 | 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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