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 31.0 in July 2026, compared to 20.8 in June 2026.
Sample. This monthly series has 699 observations overall. The series covers the time span going from May 1968 to July 2026.
History. Here are a few summary statistics we computed on the whole sample: the diffusion index had a mean value of 12.2; it reached its maximum of 68.0 in June 1974; it reached a trough of -39.5 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 30.8 |
| 2026-06-30 | 20.8 |
| 2026-07-31 | 31.0 |
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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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