Fifth District Survey of Manufacturing Activity: Vendor lead times: 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 based in the Fifth District, the seasonally adjusted diffusion index for vendor lead times (share of CEOs seeing a recent increase minus share reporting a decrease) was 0.0 in January 2026, compared to 9.0 in December 2025.
Sample. This monthly series has 357 records. The time period covered by the series stretches from January 1996 to January 2026.
History. Here's a snapshot of some statistics calculated on the whole sample: the diffusion index had a mean value of 6.3; it reached its maximum of 67.0 in May 2021; it registered a minimum of -29.0 in December 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 12.0 |
| 2025-12-31 | 9.0 |
| 2026-01-31 | 0.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did vendor lead times 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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