Manufacturing Business Outlook Survey: Prices paid: Current (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 paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 46.8 in September 2025, versus 66.8 in August.
Sample. In this monthly time series, there are a total of 689 data points. The time period covered by the series extends from May 1968 to September 2025.
History. Here's a snapshot of a few summary statistics calculated on the whole sample: the diffusion index was equal on average to 29.2; it reached a trough of -35.5 in April 2009; it reached a maximum of 91.1 in March 1974.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 58.8 |
| 2025-08-31 | 66.8 |
| 2025-09-30 | 46.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices paid increase or decrease in the past month? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Coincident 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
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