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. Based on firms' responses to the Manufacturing Business Outlook Survey carried out by the Philadelphia FED, the seasonally unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 45.5 in October 2025, compared to 42.9 in the previous month.
Sample. There are 690 data points overall in the monthly series displayed in the figure above. The span of time covered by the series stretches from May 1968 to October 2025.
History. Here are a few statistics computed on the whole sample: the diffusion index hit a peak of 91.0 in March 1974; it reached its minimum of -39.5 in December 2008; it was equal on average to 29.4.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 65.4 |
| 2025-09-30 | 42.9 |
| 2025-10-31 | 45.5 |
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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) |