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 survey data about manufacturers collected by the Federal Reserve in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) stood at 42.4 in October 2025, compared to 67.9 in the previous month.
Sample. In the monthly time series plotted above, there are a total of 690 observations. The series covers the time range extending from May 1968 to October 2025.
History. Have a look at a few summary statistics we computed on the full sample: the diffusion index achieved a maximum of 84.0 in April 1981; it reached its minimum of -20.3 in March 2009; it had an average value of 34.8.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-08-31 | 50.0 |
| 2025-09-30 | 67.9 |
| 2025-10-31 | 42.4 |
Tip. An advantage of using our web site is that we give you complete metadata. Check it below to delve deeper into the attributes of the series that you use in your research.
Not for investment purposes. Any data hosted on this web site are not not supposed to be used for investment purposes or any other financial decision. Users should seek expert advice and perform 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 | 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) |