Weekly Macro Update Automation — One-Pager
Key Libraries
Web automation & scraping
- selenium — browser automation, DOM navigation, waiting for dynamic elements, XPath extraction, and interaction with site consent banners, as implemented in
Scraping_Calendar_Economics.py. - selenium.webdriver.support (EC, WebDriverWait) — synchronization for dynamic page loads and element visibility.
- selenium.common.exceptions — robust handling of timeouts, missing elements, and blocked interactions.
Data manipulation & cleaning
- pandas — central library for reading the input indicator list, building and filtering DataFrames, column transformations, and exporting final data.
- re — regex matching to identify relevant indicators in scraped text and aggressive text cleaning before export.
File output & Excel integration
- openpyxl — Excel writing through
ExcelWriter, creating the final structured output file.
Problem
➡️ Manual collection of macroeconomic data was inefficient
- Weekly internal macro updates (PMIs, CPIs, labor data, sentiment indices, etc.) were compiled manually from free online sources.
- The indicators were predefined and recurring, forcing analysts to repeat the same tasks every week.
➡️ Non-automated consolidation process
- Each indicator had to be searched manually, copied, and formatted into the internal reporting template.
- Ensuring that all predefined indicators were included was time-consuming and prone to human error.
➡️ Need for an internal weekly report
- The final dataset had to be compiled and distributed internally, requiring precision, consistency, and stability.
To sum up:
- Manual and repetitive searches → high weekly operational burden.
- No automation → risk of missing indicators or formatting inconsistencies.
- Recurring predefined dataset → ideal candidate for automation.
Solution Overview
➡️ Automated Web Scraping via Selenium
- Developed a Selenium workflow that navigates public economic calendars, applies filters, and extracts relevant macro indicators.
- Scraped values are parsed into pandas DataFrames and validated through custom filtering logic.
➡️ Input-driven and scalable architecture
- The process is fully governed by a single input Excel file listing:
- the indicator name
- the geographic area
- the source website
- Adding/removing indicators requires no modification to the code — only adjustments to the input list.
➡️ Excel Output for Internal Weekly Reporting
- The consolidated dataset is automatically exported to an Excel file, with one row per indicator and enriched metadata (translation, category, documentation links).
- Values are then placed into a fixed internal template for weekly circulation
Results
- Operational efficiency: reduced weekly extraction time from ~1 hour to ~15 minutes (only final formatting checks remain).
- Accuracy & consistency: fixed indicator list ensures completeness and standardization.
- Reliability: scraping logic filters out stale data and captures only newly published indicators.
- Quality of internal reporting: faster turnaround and structurally consistent weekly macro updates.
Challenges Encountered
-
Irregular publication schedules
- Many indicators are not released weekly.
- Selenium applies date filters available on the website; if no new release exists, the script skips the indicator to avoid importing stale data.
-
Heterogeneous website structures
- Economic calendars use different HTML structures, requiring custom XPath logic and dynamic waits for each source.
-
Matching accuracy
- Some indicators have similar names (“inflation”, “core inflation”, “MoM inflation”), requiring increasingly strict matching rules in the filtering logic.
-
Resilience of scraping
- Cookie banners, page delays, or blocked buttons required exception handling and fallback logic.
Possible Improvements
Full automation of the internal report
Generate a final ready-to-send weekly PDF or formatted Excel without manual adjustments.
Alerting & monitoring
Notify the team when:
- an indicator is missing
- a site layout changes
- scraping returns unexpected values
Migration to API sources
Replace scraping with free APIs (when available) to increase reliability and reduce runtime.