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. According to survey data about NY-based manufacturers collected by the Federal Reserve, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 37.6 in December 2025, compared to 49.0 in the previous month.
Sample. There are 294 records in the monthly series shown in the figure above. The time range covered by the series stretches from July 2001 to December 2025.
History. Here are some simple statistics we calculated on the full sample: the diffusion index hit a trough of -18.2 in January 2009; it recorded its highest level of 86.4 in April 2022; it was equal on average to 31.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 52.4 |
| 2025-11-30 | 49.0 |
| 2025-12-31 | 37.6 |
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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
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