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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 15.5 in August 2026, compared to 5.0 in the previous month.
Sample. There are 302 data points overall in the monthly series displayed in the graph above. The period covered by the series stretches from July 2001 to August 2026.
History. Have a look at a few simple statistics we computed on the entire sample: the diffusion index had an average value of -4.4; it reached its highest level of 36.5 in September 2001; it registered a minimum of -27.7 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-06-30 | 5.0 |
| 2026-07-31 | 5.0 |
| 2026-08-31 | 15.5 |
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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 | 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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