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. Based on manufacturing firms' responses to the Empire State Survey carried out by the New York FED, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 41.2 in January 2026, versus 46.5 in December 2025.
Sample. In this monthly series, there are 295 data points overall. The series covers the time period stretching from July 2001 to January 2026.
History. Take a look at a few statistics we calculated on the full sample: the diffusion index reached a minimum of -14.6 in March 2009; it recorded its highest level of 62.1 in January 2022; it had a mean value of 22.5.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 41.3 |
| 2025-12-31 | 46.5 |
| 2026-01-31 | 41.2 |
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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) |
Series in the same data set
Discover the other time series included in this data set.