Manufacturing Business Outlook Survey: Unfilled orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - Philly FED - Monthly
This series is part of the dataset: Manufacturing Business Outlook Survey (Philly FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about manufacturers collected by the Federal Reserve in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for unfilled orders (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 0.0 in October 2026, compared to 12.0 in September.
Sample. This monthly series has a total of 702 records. The period covered by the series stretches from May 1968 to October 2026.
History. Take a look at a few descriptive statistics computed on the entire sample: the diffusion index reached its lowest level of -74.0 in December 1974; it peaked at 54.0 in March 1973; it averaged -4.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 12.5000 |
| 2026-09-30 | 12.0000 |
| 2026-10-31 | 0 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did unfilled orders increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | No |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Philadelphia |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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