Empire State Manufacturing Survey: Unfilled orders: 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 unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 10.8 in March 2026, compared to 9.1 in the previous month.
Sample. There are 297 records in the monthly time series presented in the plot above. The series covers the time span going from July 2001 to March 2026.
History. Here are a few statistics computed on the entire sample: the diffusion index reached its maximum of 36.5 in September 2001; it hit a trough of -27.7 in December 2008; it had an average value of -4.6.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | -8.2 |
| 2026-02-28 | 9.1 |
| 2026-03-31 | 10.8 |
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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 | 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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