Empire State Manufacturing Survey: Prices received: 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 received (share of CEOs seeing a future increase minus share forecasting a decrease) was 43.1 in September 2025, versus 41.3 in the previous month.
Sample. There are 291 observations in the montly time series presented in the chart above. The span of time covered by the series extends from July 2001 to September 2025.
History. Check out a few descriptive statistics we calculated on the entire sample: the diffusion index hit a trough of -14.6 in March 2009; it reached its maximum of 62.1 in January 2022; it averaged 22.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 42.2 |
| 2025-08-31 | 41.3 |
| 2025-09-30 | 43.1 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will prices received 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.