Manufacturing Business Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally adjusted) - United States - Philly FED - Monthly
This series is part of the dataset: Manufacturing Business Outlook Survey (Philly FED)
Download Full Dataset (.xlsx)Latest updates. According to recent survey data about manufacturing firms in the Third Federal Reserve District, the seasonally adjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 56.1 in November 2025, compared to 49.2 in the previous month.
Sample. There are 691 data points overall in the monthly series presented in the chart above. The series covers the time span stretching from May 1968 to November 2025.
History. Here's a snapshot of a few statistics calculated on the whole sample: the diffusion index was equal on average to 29.2; it reached a minimum of -35.5 in April 2009; it recorded its maximum of 91.1 in March 1974.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 46.8 |
| 2025-10-31 | 49.2 |
| 2025-11-30 | 56.1 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices paid increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident indicator of the business cycle |
| Deflation method | Not applicable |
| Seasonally adjusted | Yes |
| Rescaling | None |
| Frequency | Monthly |
| Unit | Percentage points |
| Source | Federal Reserve Bank of Philadelphia |
| Source type | Central bank |
| Data licence | Not copyrightable under U.S. law |
| Measure type | Diffusion index (share of respondents reporting an increase minus share reporting a decrease) |
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