Kansas City Fed Manufacturing Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Manufacturing Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for capital expenditures stood at 21.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in October 2026, compared to 14.0 in September 2026.
Sample. The monthly series shown in the figure has a total of 304 data points. The series covers the span of time stretching from July 2001 to October 2026.
History. Check out a few descriptive statistics we computed on the whole sample: the diffusion index recorded its highest level of 38.0 in December 2018; it recorded a bottom of -41.0 in March 2020; it had an average value of 12.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 14.0000 |
| 2026-09-30 | 14.0000 |
| 2026-10-31 | 21.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will capital expenditures increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Kansas City |
| Source type | Central bank |
| Data licence | Reproduction allowed subject to conditions |
| Other information | FS correspondence: Capital expenditures |
| FSR temporal aggregation code | LM01 |
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