Manufacturing Business Outlook Survey: Prices received: Future (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. According to survey data about manufacturers collected by the Federal Reserve in Pennsylvania, New Jersey and Delaware, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 41.4 in July 2026, compared to 67.2 in the previous month.
Sample. The monthly series presented in the chart has a total of 699 records. The time span covered by the series is from May 1968 to July 2026.
History. Take a look at some descriptive statistics calculated on the whole sample: the diffusion index reached a minimum of -21.1 in March 2009; it hit a maximum of 83.9 in February 1977; it averaged 35.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 60.5 |
| 2026-06-30 | 67.2 |
| 2026-07-31 | 41.4 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will prices received increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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) |
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