Empire State Manufacturing Survey: Prices paid: Future (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, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 61.6 in April 2026, compared to 43.1 in March.
Sample. There are 298 records overall in the monthly time series shown in the plot above. The time range covered by the series is from July 2001 to April 2026.
History. Take a look at some statistics we calculated on the entire sample: the diffusion index was equal on average to 41.9; it reached a minimum of -26.9 in September 2001; it peaked at 76.7 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-02-28 | 57.6 |
| 2026-03-31 | 43.1 |
| 2026-04-30 | 61.6 |
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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 |
| 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.