Kansas City Fed Services Survey: Credit conditions: Future (improvement vs worsening; diffusion index; percentage points; seasonally unadjusted) - United States - Kansas City Fed - Monthly
This series is part of the dataset: Kansas City Fed Services Survey
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about services firms in the Tenth Federal Reserve District, the seasonally unadjusted diffusion index for credit conditions (share of CEOs seeing a future improvement minus share forecasting a worsening) was -5.0 in September 2026, versus -2.0 in the previous month.
Sample. There are 153 observations overall in the monthly series shown in the graph above. The series covers the period stretching from January 2014 to September 2026.
History. Check out some simple statistics we computed on the whole sample: the diffusion index hit a minimum of -17.0 in July 2023; it hit a maximum of 14.0 in October 2014; it had an average value of 0.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | -5.00000 |
| 2026-08-31 | -2.00000 |
| 2026-09-30 | -5.00000 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will credit conditions or access to credit improve or worsen 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: Credit conditions |
| FSR temporal aggregation code | LM01 |
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