Manufacturing Business Outlook Survey: Prices paid: Current (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 paid (share of CEOs seeing a recent increase minus share reporting a decrease) was 44.0 in September 2026, compared to 41.7 in the previous month.
Sample. There are 701 records overall in the monthly time series displayed in the chart above. The span of time covered by the series stretches from May 1968 to September 2026.
History. Have a look at some summary statistics calculated on the full sample: the diffusion index peaked at 91.0 in March 1974; it reached its minimum of -39.5 in December 2008; it averaged 29.7.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2026-07-31 | 55.2000 |
| 2026-08-31 | 41.7000 |
| 2026-09-30 | 44.0000 |
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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 | 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.