Average Fed Mfg Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly
This series is part of the dataset: Average Fed Mfg Survey (FetchSeries Research)
Download Full Dataset (.xlsx)Latest updates. Based on an average of regional Federal Reserve manufacturing surveys, the seasonally unadjusted diffusion index for prices paid stood at 68.5 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 59.1 in August.
Sample. There are 268 observations in the monthly time series presented in the graph above. The time period covered by the series goes from June 2004 to September 2026.
History. Have a look at a few descriptive statistics computed on the full sample: the diffusion index was equal on average to 42.4; it recorded its maximum of 72.8 in June 2008; it recorded a bottom of -10.8 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 54.8000 |
| 2026-08-31 | 59.1250 |
| 2026-09-30 | 68.4750 |
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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 |
| Seasonally adjusted | No |
| Deflation method | Not applicable |
| Rescaling | None |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | FetchSeries Research calculations on Federal Reserve data |
| Source type | Data research lab |
| Data licence | Creative Commons Attribution 4.0 International (CC BY 4.0) + FetchSeries disclaimers |
| Other information | Arithmetic average across 4 regional Federal Reserve manufacturing surveys |
| FSR temporal aggregation code | LM01 |
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