Empire State Manufacturing Survey: Unfilled orders: Future (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, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a future increase minus share forecasting a decrease) was 14.0 in October 2026, compared to 5.9 in the previous month.
Sample. This monthly series has a total of 304 data points. The series covers the time span extending from July 2001 to October 2026.
History. Here's a snapshot of a few simple statistics we calculated on the whole sample: the diffusion index was equal on average to 4.9; it recorded a bottom of -23.6 in September 2022; it recorded its maximum of 29.8 in January 2003.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 19.6000 |
| 2026-09-30 | 5.90000 |
| 2026-10-31 | 14.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will unfilled orders increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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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