Kansas City Fed Manufacturing Survey: Inventories of finished goods: 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 inventories of finished goods was 7.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in January 2026, versus 12.0 in December 2025.
Sample. There are 295 data points overall in the monthly series presented in the chart above. The span of time covered by the series goes from July 2001 to January 2026.
History. Take a look at some statistics we computed on the full sample: the diffusion index reached its highest level of 23.0 in February 2017; it reached its lowest level of -38.0 in February 2009; it averaged -1.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 3.0 |
| 2025-12-31 | 12.0 |
| 2026-01-01 | 7.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will inventories of finished goods 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: Inventories of finished goods |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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