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) stood at 17.7 in November 2025, versus 26.8 in October.
Sample. There are 691 data points overall in the monthly time series presented in the plot above. The series covers the time range extending from May 1968 to November 2025.
History. Take a look at some statistics computed on the entire sample: the diffusion index reached a trough of -40.9 in April 2009; it attained a maximum of 63.8 in February 1974; it had a mean value of 12.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 18.8 |
| 2025-10-31 | 26.8 |
| 2025-11-30 | 17.7 |
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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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