Fifth District Survey of Manufacturing Activity: Inventories of finished goods: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for inventories of finished goods (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 9.0 in July 2026, the same value recorded in June.
Sample. There are 353 observations in the monthly series shown in the chart above. The time period covered by the series is from January 1997 to July 2026.
History. Here’s a quick look at some statistics calculated on the whole sample: the diffusion index was equal on average to 17.4; it hit a peak of 48.0 in September 2000; it recorded a minimum of -22.0 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 | No |
| 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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