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Average Fed Mfg Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly

Latest updates. Based on an average of regional Federal Reserve manufacturing surveys, the seasonally unadjusted diffusion index for prices received stood at 55.1 (share of CEOs seeing a future increase minus share forecasting a decrease) in September 2026, compared to 50.4 in the previous month.

Sample. There are 268 records overall in the monthly time series shown in the chart above. The series covers the time range extending from June 2004 to September 2026.

History. Have a look at some statistics computed on the full sample: the diffusion index averaged 26.9; it reached its maximum of 65.0 in March 2022; it recorded a bottom of -16.2 in March 2009.

Latest values

Date Value - Percentage points
2026-07-31 39.3250
2026-08-31 50.4000
2026-09-30 55.1000

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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
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

Series in the same data set

Discover the other time series included in this data set.

Current conditions SA

Series Name Observations Start Date End Date
Average Fed Mfg Survey: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 191 2010-02-28 2026-09-30
Average Fed Mfg Survey: Delivery times: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: General business activity: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories (total): Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of finished goods: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of raw materials: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: New orders: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices received: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Production: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Shipments: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Unfilled orders: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Wages: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30

Future conditions SA

Series Name Observations Start Date End Date
Average Fed Mfg Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capacity utilization: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: General business activity: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories (total): Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of finished goods: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of raw materials: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Production: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Shipments: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Wages: Future (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30

Current conditions NSA

Series Name Observations Start Date End Date
Average Fed Mfg Survey: Average employee workweek: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capacity utilization: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capital expenditures: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 190 2010-02-28 2026-09-30
Average Fed Mfg Survey: Delivery times: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Number of employees: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: General business activity: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories (total): Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of finished goods: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of raw materials: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: New orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices received: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Production: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30
Average Fed Mfg Survey: Shipments: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Unfilled orders: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Wages: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30

Future conditions NSA

Series Name Observations Start Date End Date
Average Fed Mfg Survey: Average employee workweek: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capacity utilization: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30
Average Fed Mfg Survey: Capital expenditures: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Delivery times: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Number of employees: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: General business activity: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories (total): Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of finished goods: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Inventories of raw materials: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: New orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Prices received: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Production: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30
Average Fed Mfg Survey: Shipments: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Unfilled orders: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 268 2004-06-30 2026-09-30
Average Fed Mfg Survey: Wages: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - United States - FSR - Monthly 267 2004-06-30 2026-09-30