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. According to survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally unadjusted diffusion index for shipments (share of CEOs seeing a recent increase minus share reporting a decrease) was 6.2 in August 2026, compared to 24.0 in July 2026.
Sample. In the monthly time series shown in the chart, there are 302 records overall. The series covers the period going from July 2001 to August 2026.
History. Take a look at some statistics computed on the full sample: the diffusion index had a mean of 10.1; it reached its highest level of 54.2 in May 2004; it reached a trough of -61.9 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 13.9 |
| 2026-07-31 | 24.0 |
| 2026-08-31 | 6.2 |
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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) |
Series in the same data set
Discover the other time series included in this data set.