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 recent survey data about manufacturing firms 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 9.0 in July 2026, the same value recorded in June.
Sample. In this monthly time series, there are 353 observations overall. The period covered by the series goes from January 1997 to July 2026.
History. Here's a snapshot of a few statistics we calculated on the whole sample: the diffusion index averaged 17.3; it recorded its maximum of 47.0 in September 2000; it reached a minimum of -21.0 in November 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 4.0 |
| 2026-06-30 | 9.0 |
| 2026-07-31 | 9.0 |
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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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