Kansas City Fed Manufacturing Survey: New orders: 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 new orders stood at 26.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in March 2026, versus 19.0 in February 2026.
Sample. There are 297 observations overall in the monthly series displayed in the chart above. The series covers the time range going from July 2001 to March 2026.
History. Check out a few summary statistics we computed on the full sample: the diffusion index achieved a maximum of 51.0 in October 2003; it registered a minimum of -32.0 in March 2020; it had a mean value of 22.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 19.0 |
| 2026-02-28 | 19.0 |
| 2026-03-31 | 26.0 |
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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 | 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 |
Series in the same data set
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