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) was -5.5 in August 2025, compared to -6.4 in July 2025.
Sample. There are 290 records overall in the montly series presented in the chart above. The time period covered by the series goes from July 2001 to August 2025.
History. Here's a glimpse of some summary statistics we computed on the whole sample: the diffusion index hit a trough of -27.7 in December 2008; it attained a maximum of 36.5 in September 2001; it was equal on average to -4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | -8.3 |
| 2025-07-31 | -6.4 |
| 2025-08-31 | -5.5 |
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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 | 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) |