Fifth District Survey of Manufacturing Activity: New orders: 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 a sample of manufacturing firms surveyed by the Fed, the seasonally unadjusted diffusion index for new orders (share of CEOs seeing a recent increase minus share reporting a decrease) was -9.0 in October 2026, compared to -3.0 in the previous month.
Sample. In this monthly series, there are a total of 396 records. The time range covered by the series goes from November 1993 to October 2026.
History. Have a look at some statistics we calculated on the entire sample: the diffusion index was equal on average to 1.6; it reached its lowest level of -56.0 in December 2008; it attained a maximum of 45.0 in April 2010.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | -1.00000 |
| 2026-09-30 | -3.00000 |
| 2026-10-31 | -9.00000 |
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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 | 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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