Empire State Manufacturing Survey: Prices paid: Current (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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 36.6 in March 2026, versus 49.1 in the previous month.
Sample. There are 297 records in the monthly time series shown in the graph above. The period covered by the series stretches from July 2001 to March 2026.
History. Here's a peek at some descriptive statistics we calculated on the entire sample: the diffusion index recorded a maximum of 84.9 in April 2022; it recorded a bottom of -34.1 in March 2009; it averaged 31.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 42.8 |
| 2026-02-28 | 49.1 |
| 2026-03-31 | 36.6 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices paid increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| 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.