Fifth District Survey of Non-Manufacturing Activity: Revenues: 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 Non-Manufacturing Activity (Richmond FED)
Download Full Dataset (.xlsx)Latest updates. Based on a sample of nonmanufacturing firms surveyed by the Fed, the seasonally unadjusted diffusion index for revenues (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 0.0 in September 2026, compared to -8.0 in August.
Sample. In this monthly series, there are a total of 395 data points. The series covers the time period extending from November 1993 to September 2026.
History. Check out some statistics we calculated on the whole sample: the diffusion index had an average value of 5.9; it reached a maximum of 42.0 in April 2019; it recorded a minimum of -68.0 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 0 |
| 2026-08-31 | -8.00000 |
| 2026-09-30 | 0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did revenues 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) |
| Other information | Not available |
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