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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 67.2 in June 2026, compared to 60.5 in May 2026.
Sample. There are 698 observations overall in the monthly time series presented in the chart above. The period covered by the series stretches from May 1968 to June 2026.
History. Here's a peek at a few descriptive statistics calculated on the full sample: the diffusion index had a mean value of 35.0; it peaked at 83.9 in February 1977; it recorded a bottom of -21.1 in March 2009.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-04-30 | 50.2 |
| 2026-05-31 | 60.5 |
| 2026-06-30 | 67.2 |
Hint. Our metadata often include references to the sources of the data series we publish. You can use these references to search for additional information needed in your analyses.
Not for investment purposes. Any data made available on FetchSeries are not intended for investment purposes or other financial decisions. Users should seek expert advice and do their own independent due diligence before pledging money to any investment.
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) |
Series in the same data set
Discover the other time series included in this data set.