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. Based on firms' responses to the Manufacturing Business Outlook Survey carried out by the Philadelphia FED, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 67.9 in January 2026, compared to 65.4 in December 2025.
Sample. The monthly series shown in the graph has a total of 693 records. The time period covered by the series goes from May 1968 to January 2026.
History. Here's a peek at some statistics computed on the entire sample: the diffusion index recorded a maximum of 84.0 in April 1981; it recorded a minimum of -20.3 in March 2009; it had an average value of 35.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-11-30 | 61.3 |
| 2025-12-31 | 65.4 |
| 2026-01-31 | 67.9 |
Hint. 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) |
Series in the same data set
Discover the other time series included in this data set.