Kansas City Fed Manufacturing Survey: Unfilled 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 unfilled orders stood at 12.0 (share of CEOs seeing a future increase minus share forecasting a decrease) in October 2026, versus 4.0 in September.
Sample. There are 304 records in the monthly time series shown in the plot above. The period covered by the series is from July 2001 to October 2026.
History. Take a look at some descriptive statistics computed on the entire sample: the diffusion index recorded its maximum of 33.0 in May 2017; it hit a trough of -39.0 in March 2020; it had a mean of 8.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 10.0000 |
| 2026-09-30 | 4.00000 |
| 2026-10-31 | 12.0000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will unfilled 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: Unfilled orders |
| FSR temporal aggregation code | LM01 |
Series in the same data set
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