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 survey data about manufacturers based in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 44.0 in September 2026, versus 41.7 in August 2026.
Sample. The monthly series displayed in the chart has 701 records in total. The period covered by the series goes from May 1968 to September 2026.
History. Here's a peek at some descriptive statistics we computed on the entire sample: the diffusion index reached a trough of -39.5 in December 2008; it attained a maximum of 91.0 in March 1974; it had an average value of 29.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 55.2 |
| 2026-08-31 | 41.7 |
| 2026-09-30 | 44.0 |
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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) |
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