Fifth District Survey of Manufacturing Activity: Inventories of finished goods: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Richmond FED - Monthly
This series is part of the dataset: Fifth District Survey of Manufacturing Activity (Richmond FED)
Download Full Dataset (.xlsx)Latest updates. Based on firms' responses to the Fifth District Survey of Manufacturing Activity carried out by the Richmond FED, the seasonally adjusted diffusion index for inventories of finished goods (share of CEOs seeing a recent increase minus share reporting a decrease) was 18.0 in November 2025, versus 15.0 in October.
Sample. There are 345 observations overall in the monthly time series presented in the plot above. The series covers the time period stretching from January 1997 to November 2025.
History. Here are some descriptive statistics calculated on the whole sample: the diffusion index had an average value of 17.6; it registered a minimum of -21.0 in November 2021; it recorded a maximum of 47.0 in September 2000.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 11.0 |
| 2025-10-31 | 15.0 |
| 2025-11-30 | 18.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did finished goods inventories 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 | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Richmond |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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