Kansas City Fed Manufacturing Survey: Shipments: 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 shipments was -6.0 (share of CEOs seeing a recent increase minus share reporting a decrease) in January 2026, compared to -11.0 in December 2025.
Sample. There are 295 records in the monthly time series displayed in the graph above. The time period covered by the series is from July 2001 to January 2026.
History. Here's a snapshot of some simple statistics computed on the entire sample: the diffusion index had a mean value of 6.3; it reached its maximum of 47.0 in March 2022; it reached its lowest level of -49.0 in April 2020.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 19.0 |
| 2025-12-31 | -11.0 |
| 2026-01-01 | -6.0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did shipments 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: Shipments |
| FSR temporal aggregation code | LM01 |
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