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After downloading the list of symbols (Business Outlook Survey diffusion indexes) of the manufacturers' survey diffusion indexes, you can use this object to download seasonally adjusted time-series data (historical data). The data is available from May 1968 (The date the first time the survey was conducted) to present.
The data is retrieved from the Federal Reserve Bank of Philadelphia website.
The Business Outlook Survey is conducted monthly since May 1968. The survey targets manufacturers in the Third Federal Reserve District and the participant are asked about the direction of change in the overall business activity as well as in various measures of activity at their plants.
The measures are: Employment, new and unfilled orders, working hours, shipments, inventories, prices paid, prices and delivery times.
The downloader uses a Pre-Script that splits the data and formats it so it can fit into the database. The reported data is sometimes negative (Negative outlook for participants), and therefore cannot be saved into the close price field (close price cannot be negative). To solve that, I have create a custom database with one numeric field 'value', and saved the time-series data in this database instead of the Quotes database.
Therefore, instead of using 'close' to access the data, you should use the 'GetData' function: GetData('business_outlook','value',LastData).
The Business Outlook Survey is conducted monthly and so you need to run this item only once a month.
For each month, the day of the release is set to 22. This is because, the release date varies from month to month and all releases are made available before the 22 of each month.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
