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) was 48.4 in November 2025, compared to 45.5 in the previous month.
Sample. The monthly time series presented in the plot has a total of 691 observations. The series covers the period stretching from May 1968 to November 2025.
History. Here are a few descriptive statistics calculated on the entire sample: the diffusion index had an average value of 29.4; it hit a peak of 91.0 in March 1974; it recorded a bottom of -39.5 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 42.9 |
| 2025-10-31 | 45.5 |
| 2025-11-30 | 48.4 |
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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
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