Manufacturing Business Outlook Survey: Prices paid: Current (increase vs decrease; diffusion index; percentage points; seasonally unadjusted) - 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 unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 55.2 in July 2026, compared to 58.3 in June.
Sample. There are 699 data points in the monthly series presented in the plot above. The time period covered by the series goes from May 1968 to July 2026.
History. Take a look at some descriptive statistics we computed on the full sample: the diffusion index reached its lowest level of -39.5 in December 2008; it reached its maximum of 91.0 in March 1974; it had an average value of 29.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 57.7 |
| 2026-06-30 | 58.3 |
| 2026-07-31 | 55.2 |
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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 | No |
| 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) |
Series in the same data set
Discover the other time series included in this data set.