Fifth District Survey of Manufacturing Activity: Unfilled 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 recent survey data about manufacturing firms in the Fifth District, the seasonally adjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) was 4.0 in July 2026, compared to 3.0 in June 2026.
Sample. The monthly series plotted above has 395 data points overall. The series covers the period stretching from January 1993 to July 2026.
History. Take a look at some summary statistics computed on the entire sample: the diffusion index reached a minimum of -50.0 in February 2009; it recorded its highest level of 31.0 in May 2021; it averaged -7.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 4.0 |
| 2026-06-30 | 3.0 |
| 2026-07-31 | 4.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled 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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