Empire State Manufacturing Survey: Prices received: 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 collected by the Federal Reserve, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 46.5 in December 2025, versus 41.3 in November.
Sample. In this monthly series, there are 294 observations. The time span covered by the series is from July 2001 to December 2025.
History. Here’s a quick look at a few statistics we calculated on the entire sample: the diffusion index had a mean value of 22.5; it reached a trough of -14.6 in March 2009; it peaked at 62.1 in January 2022.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-10-31 | 43.7 |
| 2025-11-30 | 41.3 |
| 2025-12-31 | 46.5 |
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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 | 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) |
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