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 collected by the Federal Reserve, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 43.1 in September 2025, compared to 41.3 in August.
Sample. There are 291 data points overall in the montly time series presented in the plot above. The time period covered by the series goes from July 2001 to September 2025.
History. Here’s a quick look at some simple statistics computed on the full sample: the diffusion index had a mean of 22.3; it reached a trough of -14.6 in March 2009; it hit a peak of 62.1 in January 2022.
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) |
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