Kansas City Fed Manufacturing Survey: New orders: Current (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 new orders was 4.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in January 2026, compared to -12.0 in December 2025.
Sample. There are 295 data points overall in the monthly series presented in the figure above. The series covers the time range extending from July 2001 to January 2026.
History. Here's a snapshot of some summary statistics we computed on the entire sample: the diffusion index had a mean value of 5.0; it attained a maximum of 48.0 in March 2021; it recorded a minimum of -53.0 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | -3.0 |
| 2025-12-31 | -12.0 |
| 2026-01-01 | 4.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did new orders increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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: New orders |
| FSR temporal aggregation code | LM01 |
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