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) was 54.1 in August 2025, versus 56.0 in the previous month.
Sample. This montly time series has 290 data points. The time period covered by the series is from July 2001 to August 2025.
History. Here's a peek at some simple statistics we computed on the full sample: the diffusion index reached its maximum of 86.4 in April 2022; it registered a minimum of -18.2 in January 2009; it was equal on average to 30.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 46.8 |
| 2025-07-31 | 56.0 |
| 2025-08-31 | 54.1 |
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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 | 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) |