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 16.1 in November 2025, versus 27.3 in the previous month.
Sample. In the monthly series shown in the plot, there are 691 records in total. The series covers the period going from May 1968 to November 2025.
History. Here’s a quick look at some simple statistics computed on the full sample: the diffusion index reached its minimum of -39.5 in December 2008; it hit a peak of 68.0 in June 1974; it had a mean value of 12.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-09-30 | 17.9 |
| 2025-10-31 | 27.3 |
| 2025-11-30 | 16.1 |
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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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