Release: Chicago Fed Survey of Economic Conditions
Link: https://alfred.stlouisfed.org/release?rid=372

ALFRED (ArchivaL Federal Reserve Economic Data)
Economic Research Division
Federal Reserve Bank of St. Louis

File Created: 2024-11-23 9:19 PM CST

                                                                               Release Dates      
Name                                                                        Start         End     
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Chicago Fed Survey of Business Conditions                                 2016-03-02   2022-04-11 
Chicago Fed Survey of Economic Conditions                                 2022-04-12   2024-11-22 

Link
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https://www.chicagofed.org/publications/cfsbc/index                       2016-03-02   2022-04-11 
https://www.chicagofed.org/research/data/cfsec/current-data               2022-04-12   2024-11-22 

Source
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Federal Reserve Bank of Chicago                                           2016-03-02   2024-11-22 

Notes
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The Chicago Fed Survey of Business Conditions (CFSBC) is a survey of      2016-03-02   2020-05-11 
business contacts conducted to support the Seventh Federal Reserve    
District’s contribution to the Beige Book.                          

What is the Survey of Business Conditions?                                2020-05-12   2022-04-11 
Business contacts in the Seventh Federal Reserve District are asked to
rate how various business indicators changed from a month ago along a 
seven-point scale ranging from "large increase" to "large decrease." A
series of diffusion indexes summarizing the distribution of responses 
is then calculated.                                                   
                                                                      
How are the indexes constructed?                                      
Respondents' answers on the seven-point scale are assigned a numeric  
value ranging from +3 to –3. Each diffusion index is calculated as  
the difference between the number of respondents with answers above   
their respective average responses and the number of respondents with 
answers below their respective average responses, divided by the total
number of respondents. The index is then multiplied by 100 so that it 
ranges from +100 to −100 and will be +100 if every respondent       
provides an above-average answer and –100 if every respondent       
provides a below average answer. Respondents with no prior history of 
responses are excluded from the calculation.                          
                                                                      
What do the numbers mean?                                             
Respondents' respective average answers to a question can be          
interpreted as representing their historical trends, or long-run      
averages. Thus, zero index values indicate that, on balance, activity,
hiring, capital spending, and cost pressures are growing at their     
trend rates or that outlooks are neutral. Positive index values       
indicate above-average growth (or optimistic outlooks) on balance, and
negative values indicate below-average growth (or pessimistic         
outlooks) on balance.                                                 

What is the Survey of Economic Conditions?                                2022-04-12   2024-11-22 
Contacts located in the Seventh Federal Reserve District are asked to 
rate various aspects of economic conditions along a seven-point scale 
ranging from "large increase" to "large decrease." A series of        
diffusion indexes summarizing the distribution of responses is then   
calculated.                                                           
                                                                      
How are the indexes constructed?                                      
Respondents' answers on the seven-point scale are assigned a numeric  
value ranging from +3 to –3. Each diffusion index is calculated as  
the difference between the number of respondents with answers above   
their respective average responses and the number of respondents with 
answers below their respective average responses, divided by the total
number of respondents. The index is then multiplied by 100 so that it 
ranges from +100 to −100 and will be +100 if every respondent       
provides an above-average answer and –100 if every respondent       
provides a below-average answer. Respondents with no prior history of 
responses are excluded from the calculation.                          
                                                                      
What do the numbers mean?                                             
Respondents' respective average answers to a question can be          
interpreted as representing their historical trends, or long-run      
averages. Thus, zero index values indicate, on balance, average growth
(or a neutral outlook) for activity, hiring, capital spending, and    
cost pressures. Positive index values indicate above-average growth   
(or an optimistic outlook) on balance, and negative values indicate   
below-average growth (or a pessimistic outlook) on balance.           
                                                                      
Prior to April 2022, the Chicago Fed Survey of Economic Conditions was
named the Chicago Fed Survey of Business Conditions (CFSBC). The name 
change was made to better represent the survey’s aim and base of    
respondents. The goal of the survey is to assess the state of the     
economy in the Seventh Federal Reserve District. Moreover, since the  
beginning of the survey, it was been filled out by both business and  
nonbusiness contacts.                                                 


Release Dates Notes:

Release dates are determined by the following process:

When available, the actual release date as provided by the source is
entered into the ALFRED database.  If a release date is not available
from the source, the release date given by our data providers is used.
 If a release date cannot be determined either from the source or from
our data providers, the date that the series was first available in
the St. Louis Fed's FRED database is used.

The release date list contains the dates when any series from this
release was revised.  Note that all series from a release do not
necessarily revise on every release date.

Release Dates:

2016-03-02
2016-04-13
2016-06-01
2016-07-13
2016-09-07
2016-10-19
2016-11-30
2017-01-18
2017-03-01
2017-04-19
2017-05-31
2017-07-12
2017-09-06
2017-10-18
2017-11-29
2018-01-17
2018-03-07
2018-04-18
2018-05-30
2018-07-18
2018-09-12
2018-10-24
2018-12-05
2019-01-16
2019-03-06
2019-04-17
2019-06-05
2019-07-17
2019-09-04
2019-10-16
2019-11-27
2020-01-15
2020-03-04
2020-04-15
2020-05-12
2020-06-10
2020-07-13
2020-08-12
2020-09-11
2020-10-13
2020-11-12
2020-12-10
2021-01-13
2021-02-10
2021-03-10
2021-04-12
2021-05-12
2021-06-10
2021-07-13
2021-08-11
2021-09-13
2021-10-13
2021-11-10
2021-12-10
2022-01-12
2022-02-10
2022-03-10
2022-04-12
2022-05-11
2022-06-10
2022-07-13
2022-08-10
2022-09-13
2022-10-13
2022-11-10
2022-12-12
2023-01-24
2023-02-23
2023-03-23
2023-04-24
2023-05-22
2023-06-22
2023-07-24
2023-08-22
2023-09-22
2023-10-23
2023-11-22
2023-12-22
2024-01-23
2024-02-23
2024-03-22
2024-04-22
2024-05-22
2024-06-24
2024-07-22
2024-08-22
2024-09-23
2024-10-22
2024-11-22