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 collected by the Federal Reserve, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 43.1 in March 2026, compared to 57.6 in the previous month.
Sample. In this monthly time series, there are 297 data points. The period covered by the series stretches from July 2001 to March 2026.
History. Have a look at a few simple statistics computed on the whole sample: the diffusion index had a mean of 41.9; it peaked at 76.7 in January 2022; it reached its lowest level of -26.9 in September 2001.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 52.6 |
| 2026-02-28 | 57.6 |
| 2026-03-31 | 43.1 |
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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) |
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