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. According to survey data about manufacturers based in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) was 32.1 in January 2026, compared to 19.2 in December 2025.
Sample. There are 693 observations in the monthly series presented in the plot above. The series covers the time range stretching from May 1968 to January 2026.
History. Here's a snapshot of some descriptive statistics we calculated on the entire sample: the diffusion index reached its maximum of 68.0 in June 1974; it reached its minimum of -39.5 in December 2008; it was equal on average to 12.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 16.1 |
| 2025-12-31 | 19.2 |
| 2026-01-31 | 32.1 |
Suggestion. To facilitate exploration, we organize indicators into data sets and worksheets. Scrolling downwards, you will find how we arranged further material related to the statistics published here.
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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) |
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