Empire State Manufacturing Survey: Prices paid: Future (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for prices paid (share of CEOs seeing a future increase minus share forecasting a decrease) was 43.1 in March 2026, compared to 57.6 in February 2026.
Sample. The monthly series presented in the figure has 297 records overall. The period covered by the series extends from July 2001 to March 2026.
History. Have a look at a few summary statistics we computed on the entire sample: the diffusion index had a mean of 41.9; it reached its lowest level of -26.9 in September 2001; it peaked at 76.7 in January 2022.
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 | No |
| 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.