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 19.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in February 2026, as in January 2026.
Sample. There are 296 records overall in the monthly time series displayed in the chart above. The span of time covered by the series goes from July 2001 to February 2026.
History. Here's a peek at a few summary statistics we calculated on the full sample: the diffusion index recorded its maximum of 51.0 in October 2003; it recorded a minimum of -32.0 in March 2020; it averaged 22.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-12-31 | 20.0 |
| 2026-01-31 | 19.0 |
| 2026-02-28 | 19.0 |
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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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