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 recent survey data about manufacturing firms in the State of New York, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -14.9 in December 2025, compared to -5.8 in November.
Sample. There are 294 records in the monthly series shown in the plot above. The span of time covered by the series stretches from July 2001 to December 2025.
History. Here's a peek at some simple statistics calculated on the whole sample: the diffusion index reached its maximum of 36.5 in September 2001; it recorded a bottom of -27.7 in December 2008; it had a mean of -4.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | -3.9 |
| 2025-11-30 | -5.8 |
| 2025-12-31 | -14.9 |
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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 | 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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