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 survey data about manufacturers collected by the Federal Reserve in Pennsylvania, New Jersey and Delaware, the seasonally unadjusted diffusion index for prices paid (share of CEOs seeing a recent increase minus share reporting a decrease) stood at 42.9 in September 2025, versus 65.4 in August.
Sample. The monthly time series displayed in the graph has 689 records in total. The time range covered by the series stretches from May 1968 to September 2025.
History. Here’s a quick look at a few descriptive statistics computed on the full sample: the diffusion index was equal on average to 29.3; it recorded its maximum of 91.0 in March 1974; it recorded a minimum of -39.5 in December 2008.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 53.3 |
| 2025-08-31 | 65.4 |
| 2025-09-30 | 42.9 |
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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
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