Federal Reserve Economic Data: Your trusted data source since 1991

Table Data - Chicago Fed Survey of Economic Conditions: Capital Spending Expectations in the next 12 Months in Federal Reserve District 7: Chicago

NOTE: To improve accessibility of data for all users, this file was converted from a text format to an html table.

Title Chicago Fed Survey of Economic Conditions: Capital Spending Expectations in the next 12 Months in Federal Reserve District 7: Chicago
Series ID CFSBCCAPXEXP
Source Federal Reserve Bank of Chicago
Release Chicago Fed Survey of Economic Conditions
Seasonal Adjustment Not Seasonally Adjusted
Frequency Monthly
Units Index
Date Range 2013-02-01 to 2024-06-01
Last Updated 2024-06-24 9:04 AM CDT
Notes What is the Survey of Economic Conditions?
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.

Beginning with the May 12, 2020 release, the CFSEC moved to a monthly release schedule. This release, with data for April 2020, now contains estimated monthly historical values for the CFSEC indexes, as will all future releases. For additional information on how the survey and indexes changed, see the CFSEC FAQs available here.

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.
DATE VALUE
2013-02-01 10.1265821456909200
2013-03-01 6.8909492492675780
2013-04-01 -9.7965497970581050
2013-05-01 -39.4736824035644500
2013-06-01 -23.2397460937500000
2013-07-01 -14.4782323837280300
2013-08-01 -12.6050415039062500
2013-09-01 -4.1103396415710450
2013-10-01 1.6037062406539920
2013-11-01 4.9180326461791990
2013-12-01 7.1454024314880370
2014-01-01 7.3422846794128420
2014-02-01 5.2941174507141110
2014-03-01 -5.1831836700439450
2014-04-01 -4.3540248870849610
2014-05-01 9.2783508300781250
2014-06-01 1.9385926723480220
2014-07-01 4.5176630020141600
2014-08-01 17.1875000000000000
2014-09-01 19.0828800201416000
2014-10-01 24.6875000000000000
2014-11-01 34.3750000000000000
2014-12-01 26.7041721343994100
2015-01-01 22.4075298309326200
2015-02-01 21.9827575683593800
2015-03-01 10.2938394546508800
2015-04-01 7.7531499862670900
2015-05-01 16.0305347442627000
2015-06-01 18.4305419921875000
2015-07-01 19.2667942047119100
2015-08-01 18.5950412750244100
2015-09-01 -10.8547191619873000
2015-10-01 -16.5346870422363300
2015-11-01 1.1764706373214720
2015-12-01 -2.2894437313079830
2016-01-01 -4.5890860557556150
2016-02-01 -5.5214724540710450
2016-03-01 0.8716094493865967
2016-04-01 3.2383618354797360
2016-05-01 0.9174311757087708
2016-06-01 -12.8290147781372100
2016-07-01 -13.4499731063842800
2016-08-01 -0.9868420958518982
2016-09-01 7.8744440078735350
2016-10-01 3.0474987030029300
2016-11-01 -15.7894735336303700
2016-12-01 -11.4009494781494100
2017-01-01 -2.2316231727600100
2017-02-01 11.8811883926391600
2017-03-01 13.4113407135009800
2017-04-01 8.8245086669921880
2017-05-01 -2.0979020595550540
2017-06-01 1.4366067647933960
2017-07-01 -3.0087525844573970
2017-08-01 -15.7303371429443400
2017-09-01 -5.8754868507385250
2017-10-01 3.6506488323211670
2017-11-01 13.4831457138061500
2017-12-01 20.1730556488037100
2018-01-01 21.9963760375976600
2018-02-01 18.3908042907714800
2018-03-01 14.4480972290039100
2018-04-01 9.4176349639892580
2018-05-01 3.8626611232757570
2018-06-01 -4.2903089523315430
2018-07-01 0.5168615579605103
2018-08-01 18.6046504974365200
2018-09-01 6.0667338371276860
2018-10-01 -2.1579284667968750
2018-11-01 -6.6176471710205080
2018-12-01 -9.1909513473510740
2019-01-01 -12.6146478652954100
2019-02-01 -16.8539333343505900
2019-03-01 -9.0545129776000980
2019-04-01 -5.7888693809509280
2019-05-01 -8.1712064743042000
2019-06-01 -14.5106515884399400
2019-07-01 -24.3587665557861300
2019-08-01 -38.3720932006835900
2019-09-01 -29.2337894439697300
2019-10-01 -23.5798053741455100
2019-11-01 -21.0332088470459000
2019-12-01 -22.3660659790039100
2020-01-01 -19.1750278472900400
2020-02-01 -11.1111106872558600
2020-03-01 -70.5223846435546900
2020-04-01 -55.5837707519531300
2020-05-01 -21.8221092224121100
2020-06-01 -9.9131889343261720
2020-07-01 -10.1259746551513700
2020-08-01 10.1633110046386700
2020-09-01 17.3935966491699200
2020-10-01 16.0527381896972700
2020-11-01 10.6055374145507800
2020-12-01 7.6868925094604490
2021-01-01 7.7192320823669430
2021-02-01 9.2813720703125000
2021-03-01 24.9097957611084000
2021-04-01 32.8907279968261700
2021-05-01 37.0109901428222700
2021-06-01 35.2440032958984400
2021-07-01 23.8587608337402300
2021-08-01 18.3795070648193400
2021-09-01 14.9018287658691400
2021-10-01 16.4620304107666000
2021-11-01 25.8996543884277300
2021-12-01 12.5453834533691400
2022-01-01 4.2155523300170900
2022-02-01 3.4543604850769040
2022-03-01 -6.2906880378723140
2022-04-01 -0.6455607414245605
2022-05-01 2.3460409641265870
2022-06-01 -9.8181819915771480
2022-07-01 -13.4340181350708000
2022-08-01 2.0214455127716060
2022-09-01 4.0460863113403320
2022-10-01 -10.2408905029296900
2022-11-01 -17.1577434539794900
2022-12-01 -14.9377584457397500
2023-01-01 -4.8582992553710940
2023-02-01 -6.8702287673950200
2023-03-01 -16.2790699005127000
2023-04-01 -29.8850574493408200
2023-05-01 -19.4656486511230500
2023-06-01 -13.5338354110717800
2023-07-01 -9.1603050231933600
2023-08-01 -8.2031250000000000
2023-09-01 -19.7674427032470700
2023-10-01 -13.3603239059448200
2023-11-01 -27.9661026000976600
2023-12-01 -29.2035388946533200
2024-01-01 -7.8602619171142580
2024-02-01 -20.8695659637451200
2024-03-01 -2.7272727489471440
2024-04-01 -11.9402980804443400
2024-05-01 -39.1959800720214800
2024-06-01 -6.0150375366210940

Subscribe to the FRED newsletter


Follow us

Back to Top