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) was 43.7 in October 2025, compared to 43.1 in September.
Sample. There are 292 records in the monthly time series displayed in the figure above. The time span covered by the series extends from July 2001 to October 2025.
History. Here's a peek at some summary statistics we calculated on the entire sample: the diffusion index reached a trough of -14.6 in March 2009; it reached its highest level of 62.1 in January 2022; it had a mean of 22.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 41.3 |
| 2025-09-30 | 43.1 |
| 2025-10-31 | 43.7 |
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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) |