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) stood at 49.2 in October 2025, versus 46.8 in September 2025.
Sample. In the monthly series plotted above, there are 690 records in total. The time period covered by the series extends from May 1968 to October 2025.
History. Take a look at some simple statistics calculated on the full sample: the diffusion index recorded its highest level of 91.1 in March 1974; it registered a minimum of -35.5 in April 2009; it had a mean of 29.2.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 66.8 |
| 2025-09-30 | 46.8 |
| 2025-10-31 | 49.2 |
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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) |