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. Based on a sample of manufacturing firms surveyed by the Fed, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) was 40.1 in October 2026, compared to 31.3 in September 2026.
Sample. There are 702 records overall in the monthly time series presented in the graph above. The time range covered by the series extends from May 1968 to October 2026.
History. Here's a snapshot of some simple statistics computed on the entire sample: the diffusion index recorded a bottom of -40.9 in April 2009; it achieved a maximum of 64.8 in November 2021; it had a mean of 12.3.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 17.7000 |
| 2026-09-30 | 31.3000 |
| 2026-10-31 | 40.1000 |
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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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