Manufacturing Business Outlook Survey: Prices received: 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. Based on a sample of manufacturing firms surveyd by the FED, the seasonally unadjusted diffusion index for prices received (share of CEOs seeing a recent increase minus share reporting a decrease) was 17.9 in September 2025, versus 34.6 in August.
Sample. The monthly series plotted above has 689 observations. The series covers the time range extending from May 1968 to September 2025.
History. Here’s a quick look at a few statistics we calculated on the whole sample: the diffusion index reached a minimum of -39.5 in December 2008; it achieved a maximum of 68.0 in June 1974; it had an average value of 12.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 36.7 |
| 2025-08-31 | 34.6 |
| 2025-09-30 | 17.9 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Did prices received 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.