Empire State Manufacturing Survey: Prices received: 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 41.3 in August 2025, compared to 42.2 in the previous month.
Sample. There are 290 observations overall in the montly series displayed in the graph above. The time period covered by the series goes from July 2001 to August 2025.
History. Here are some summary statistics we computed on the whole sample: the diffusion index had a mean value of 22.2; it reached a minimum of -14.6 in March 2009; it recorded its highest level of 62.1 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-06-30 | 41.3 |
| 2025-07-31 | 42.2 |
| 2025-08-31 | 41.3 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will prices received 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 | 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) |