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) was 62.1 in October 2026, versus 72.3 in September 2026.
Sample. There are 702 data points overall in the monthly time series displayed in the graph above. The series covers the period extending from May 1968 to October 2026.
History. Here are some statistics calculated on the entire sample: the diffusion index was equal on average to 35.2; it reached its lowest level of -21.1 in March 2009; it peaked at 83.9 in February 1977.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-08-31 | 59.8000 |
| 2026-09-30 | 72.3000 |
| 2026-10-31 | 62.1000 |
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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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