Empire State Manufacturing Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. According to survey data about NY-based manufacturers, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a future increase minus share forecasting a decrease) was 57.8 in September 2025, compared to 64.2 in the previous month.
Sample. In this montly series, there are 291 records overall. The period covered by the series stretches from July 2001 to September 2025.
History. Here’s a quick look at some simple statistics we computed on the entire sample: the diffusion index was equal on average to 41.6; it reached a minimum of -26.9 in September 2001; it reached a maximum of 76.7 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 58.7 |
| 2025-08-31 | 64.2 |
| 2025-09-30 | 57.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will prices paid increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Montly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of New York |
| Source type | Central bank |
| Data licence | Free use subject to conditions |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
Series in the same data set
Discover the other time series included in this data set.