Manufacturing Business Outlook Survey: Prices received: 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 27.3 in October 2025, versus 17.9 in September 2025.
Sample. The monthly time series displayed in the plot has 690 data points. The series covers the period stretching from May 1968 to October 2025.
History. Here's a snapshot of some summary statistics we calculated on the entire sample: the diffusion index reached its highest level of 68.0 in June 1974; it reached its minimum of -39.5 in December 2008; it had a mean value of 12.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 34.6 |
| 2025-09-30 | 17.9 |
| 2025-10-31 | 27.3 |
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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 | 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) |