Manufacturing Business Outlook Survey: Prices received: 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 survey data about manufacturers collected by the Federal Reserve in Pennsylvania, New Jersey and Delaware, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) was 21.2 in March 2026, compared to 16.7 in February.
Sample. There are 695 observations overall in the monthly series shown in the plot above. The series covers the time period going from May 1968 to March 2026.
History. Check out some simple statistics computed on the entire sample: the diffusion index averaged 12.1; it recorded its maximum of 64.8 in November 2021; it reached a trough of -40.9 in April 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-01-31 | 27.8 |
| 2026-02-28 | 16.7 |
| 2026-03-31 | 21.2 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices received 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) |
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