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.

Download Center

Current CFSEC Release June 10, 2022 PDF
CFSEC Indexes Data file XLSX
Survey Questions Sample CFSEC diffusion index questionnaire PDF
FAQs Frequently asked questions about the CFSEC PDF

Participate in the CFSEC

Organizations with operations in Illinois, Iowa, Indiana, Michigan, or Wisconsin are invited to participate in the CFSEC.

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