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. According to survey data about NY-based manufacturers, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -5.5 in August 2025, versus -6.4 in July 2025.
Sample. This montly time series has a total of 290 observations. The period covered by the series extends from July 2001 to August 2025.
History. Here's a glimpse of some summary statistics we calculated on the entire sample: the diffusion index hit a maximum of 36.5 in September 2001; it recorded a bottom of -27.7 in December 2008; it had an average value of -4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -8.3 |
| 2025-07-31 | -6.4 |
| 2025-08-31 | -5.5 |
Suggestion. We group series into worksheets and datasets to simplify complex analyses. By scrolling down, you will find how we arranged further information related to the statistics provided here.
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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 | Montly |
| 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) |