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. According to survey data about manufacturers based in the Fifth District, the seasonally adjusted diffusion index for inventories of finished goods (share of CEOs seeing a recent increase minus share reporting a decrease) was 6.0 in January 2026, the same as in December 2025.
Sample. There are 347 data points in the monthly series displayed in the chart above. The period covered by the series stretches from January 1997 to January 2026.
History. Here's a snapshot of some summary statistics calculated on the full sample: the diffusion index had a mean of 17.5; it attained a maximum of 47.0 in September 2000; it hit a trough of -21.0 in November 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 18.0 |
| 2025-12-31 | 6.0 |
| 2026-01-31 | 6.0 |
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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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