Chicago Fed Survey of Economic Conditions (CFSEC)
The Chicago Fed Survey of Economic Conditions (CFSEC) is a survey of organizations located in the Seventh Federal Reserve District. The Chicago Fed produces diffusion indexes based on the quantitative questions in the survey that are released at 10:00 a.m. ET on scheduled days, normally in the second week of each calendar month.
The CFSBC Is Now the CFSEC
The Chicago Fed Survey of Business Conditions has become the Chicago Fed Survey of Economic Conditions. As of late April 2022, we’ve changed the name 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, which is served by the Chicago Fed. Moreover, since the beginning of the survey, it’s been filled out by both business and nonbusiness contacts. While the change is small, it reflects our ongoing commitment to provide the public with an accurate view of current economic conditions in our District.
Survey Suggests Growth Picked Up in May
The Chicago Fed Survey of Economic Conditions (CFSEC) Activity Index increased to –5 in May from –26 in April, suggesting that economic growth was near trend.
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