Empire State Manufacturing Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - NY FED - Monthly
This series is part of the dataset: Empire State Manufacturing Survey (NY FED)
Download Full Dataset (.xlsx)Latest updates. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 43.1 in September 2025, compared to 41.3 in August 2025.
Sample. There are 291 records overall in the montly time series presented in the plot above. The series covers the time span going from July 2001 to September 2025.
History. Here’s a quick look at some statistics computed on the whole sample: the diffusion index hit a peak of 62.1 in January 2022; it recorded a bottom of -14.6 in March 2009; it had a mean of 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 | No |
| 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.