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 firms' responses to the Manufacturing Business Outlook Survey carried out by the Philadelphia FED, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 27.8 in January 2026, compared to 26.0 in December 2025.
Sample. In the monthly time series displayed in the graph, there are a total of 693 data points. The series covers the span of time going from May 1968 to January 2026.
History. Take a look at some statistics we calculated on the full sample: the diffusion index reached its highest level of 64.8 in November 2021; it reached a minimum of -40.9 in April 2009; it averaged 12.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 22.3 |
| 2025-12-31 | 26.0 |
| 2026-01-31 | 27.8 |
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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) |
Series in the same data set
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