Manufacturing Business Outlook Survey: Prices received: Future (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 based in Pennsylvania, New Jersey and Delaware, the seasonally adjusted diffusion index for prices received (share of CEOs seeing a future increase minus share forecasting a decrease) was 64.8 in September 2025, compared to 48.5 in August 2025.
Sample. In this monthly series, there are 689 data points. The series covers the time range stretching from May 1968 to September 2025.
History. Take a look at some statistics we computed on the full sample: the diffusion index was equal on average to 34.8; it registered a minimum of -21.1 in March 2009; it reached its maximum of 83.9 in February 1977.
Latest values
| Date | Value - Percentage points |
|---|---|
| 2025-07-31 | 59.4 |
| 2025-08-31 | 48.5 |
| 2025-09-30 | 64.8 |
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Series Metadata
| Field | Value |
|---|---|
| Description | Diffusion index for the question: Will prices received increase or decrease over the next six months? |
| Country | United States |
| Economic concept | Business survey response |
| Data type | Leading 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
Discover the other time series included in this data set.