Download Release Dates for Release: Chicago Fed Survey of Business Conditions
|Chicago Fed Survey of Business Conditions||2016-03-02||2021-01-13|
|Federal Reserve Bank of Chicago||2016-03-02||2021-01-13|
The Chicago Fed Survey of Business Conditions (CFSBC) is a survey of business contacts conducted to support the Seventh Federal Reserve District’s contribution to the Beige Book.
What is the Survey of Business Conditions?
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.
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.