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. There are 689 data points overall in the monthly time series presented in the plot above. The span of time covered by the series extends from May 1968 to September 2025.
History. Here's a glimpse of a few statistics we computed on the whole sample: the diffusion index hit a minimum of -39.5 in December 2008; it peaked at 68.0 in June 1974; it was equal on average to 12.0.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 36.7 |
| 2025-08-31 | 34.6 |
| 2025-09-30 | 17.9 |
Suggestion. We organize indicators into data sets and worksheets to simplify exploration. If you look below, you will find how we arranged further information related to the statistics provided here.
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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
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