Kansas City Fed Manufacturing Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - 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 adjusted diffusion index for new orders stood at 23.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in March 2026, compared to 14.0 in the previous month.
Sample. This monthly series has 297 records in total. The time range covered by the series goes from July 2001 to March 2026.
History. Here's a glimpse of some statistics we computed on the entire sample: the diffusion index averaged 22.7; it reached a minimum of -36.0 in March 2020; it peaked at 52.0 in October 2003.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 17.0 |
| 2026-02-28 | 14.0 |
| 2026-03-31 | 23.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will new orders 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 | Yes |
| 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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