Manufacturing Business Outlook Survey: Prices received: Future (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 recent survey data about manufacturing firms in the Third Federal Reserve District, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 37.9 in July 2026, compared to 62.5 in June.
Sample. In the monthly series presented in the figure, there are a total of 699 records. The span of time covered by the series extends from May 1968 to July 2026.
History. Check out some simple statistics we computed on the full sample: the diffusion index recorded its maximum of 84.0 in April 1981; it reached a trough of -20.3 in March 2009; it had a mean of 35.1.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-05-31 | 57.7 |
| 2026-06-30 | 62.5 |
| 2026-07-31 | 37.9 |
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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 | 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) |
Series in the same data set
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