Fifth District Survey of Manufacturing Activity: New orders: 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 collected by the Federal Reserve Bank of Richmond, the seasonally adjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 5.0 in July 2026, versus 8.0 in June 2026.
Sample. In this monthly time series, there are a total of 395 data points. The series covers the time span stretching from January 1993 to July 2026.
History. Check out a few summary statistics we computed on the whole sample: the diffusion index was equal on average to 1.7; it reached a minimum of -62.0 in April 2020; it hit a peak of 38.0 in June 2021.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 13.0 |
| 2026-06-30 | 8.0 |
| 2026-07-31 | 5.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders 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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