Empire State Manufacturing Survey: Unfilled orders: 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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -3.9 in October 2025, compared to -6.9 in September 2025.
Sample. In this monthly series, there are 292 records in total. The series covers the time span going from July 2001 to October 2025.
History. Here’s a quick look at a few summary statistics we calculated on the entire sample: the diffusion index registered a minimum of -27.7 in December 2008; it achieved a maximum of 36.5 in September 2001; it had an average value of -4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | -5.5 |
| 2025-09-30 | -6.9 |
| 2025-10-31 | -3.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled orders 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) |