[python] Most recent previous business day in Python

I need to subtract business days from the current date.

I currently have some code which needs always to be running on the most recent business day. So that may be today if we're Monday thru Friday, but if it's Saturday or Sunday then I need to set it back to the Friday before the weekend. I currently have some pretty clunky code to do this:

 lastBusDay = datetime.datetime.today()
 if datetime.date.weekday(lastBusDay) == 5:      #if it's Saturday
     lastBusDay = lastBusDay - datetime.timedelta(days = 1) #then make it Friday
 elif datetime.date.weekday(lastBusDay) == 6:      #if it's Sunday
     lastBusDay = lastBusDay - datetime.timedelta(days = 2); #then make it Friday

Is there a better way?

Can I tell timedelta to work in weekdays rather than calendar days for example?

Solution irrespective of different jurisdictions having different holidays:

If you need to find the right id within a table, you can use this snippet. The Table model is a sqlalchemy model and the dates to search from are in the field day.

def last_relevant_date(db: Session, given_date: date) -> int:
    available_days = (db.query(Table.id, Table.day)
                      .order_by(desc(Table.day))
                      .limit(100).all())
    close_dates = pd.DataFrame(available_days)
    close_dates['delta'] = close_dates['day'] - given_date
    past_dates = (close_dates
                  .loc[close_dates['delta'] < pd.Timedelta(0, unit='d')])
    table_id = int(past_dates.loc[past_dates['delta'].idxmax()]['id'])
    return table_id

This is not a solution that I would recommend when you have to convert in bulk. It is rather generic and expensive as you are not using joins. Moreover, it assumes that you have a relevant day that is one of the 100 most recent days in the model Table. So it tackles data input that may have different dates.

Why don't you try something like:

lastBusDay = datetime.datetime.today()
if datetime.date.weekday(lastBusDay) not in range(0,5):
    lastBusDay = 5

another simplify version

lastBusDay = datetime.datetime.today()
wk_day = datetime.date.weekday(lastBusDay)
if wk_day > 4:      #if it's Saturday or Sunday
    lastBusDay = lastBusDay - datetime.timedelta(days = wk_day-4) #then make it Friday

timeboard package does this.

Suppose your date is 04 Sep 2017. In spite of being a Monday, it was a holiday in the US (the Labor Day). So, the most recent business day was Friday, Sep 1.

>>> import timeboard.calendars.US as US
>>> clnd = US.Weekly8x5()
>>> clnd('04 Sep 2017').rollback().to_timestamp().date()
datetime.date(2017, 9, 1)

In UK, 04 Sep 2017 was the regular business day, so the most recent business day was itself.

>>> import timeboard.calendars.UK as UK
>>> clnd = UK.Weekly8x5()
>>> clnd('04 Sep 2017').rollback().to_timestamp().date()
datetime.date(2017, 9, 4)

DISCLAIMER: I am the author of timeboard.

Maybe this code could help:

lastBusDay = datetime.datetime.today()
shift = datetime.timedelta(max(1,(lastBusDay.weekday() + 6) % 7 - 3))
lastBusDay = lastBusDay - shift

The idea is that on Mondays yo have to go back 3 days, on Sundays 2, and 1 in any other day.

The statement (lastBusDay.weekday() + 6) % 7 just re-bases the Monday from 0 to 6.

Really don't know if this will be better in terms of performance.

If you want to skip US holidays as well as weekends, this worked for me (using pandas 0.23.3):

import pandas as pd
from pandas.tseries.holiday import USFederalHolidayCalendar
from pandas.tseries.offsets import CustomBusinessDay
US_BUSINESS_DAY = CustomBusinessDay(calendar=USFederalHolidayCalendar())
july_5 = pd.datetime(2018, 7, 5)
result = july_5 - 2 * US_BUSINESS_DAY # 2018-7-2

To convert to a python date object I did this:

result.to_pydatetime().date()

 def getNthBusinessDay(startDate, businessDaysInBetween):
    currentDate = startDate
    daysToAdd = businessDaysInBetween
    while daysToAdd > 0:
        currentDate += relativedelta(days=1)
        day = currentDate.weekday()
        if day < 5:
            daysToAdd -= 1

    return currentDate 

There seem to be several options if you're open to installing extra libraries.

This post describes a way of defining workdays with dateutil.

http://coding.derkeiler.com/Archive/Python/comp.lang.python/2004-09/3758.html

BusinessHours lets you custom-define your list of holidays, etc., to define when your working hours (and by extension working days) are.

http://pypi.python.org/pypi/BusinessHours/

If somebody is looking for solution respecting holidays (without any huge library like pandas), try this function:

import holidays
import datetime


def previous_working_day(check_day_, holidays=holidays.US()):
    offset = max(1, (check_day_.weekday() + 6) % 7 - 3)
    most_recent = check_day_ - datetime.timedelta(offset)
    if most_recent not in holidays:
        return most_recent
    else:
        return previous_working_day(most_recent, holidays)

check_day = datetime.date(2020, 12, 28)
previous_working_day(check_day)

which produce:

datetime.date(2020, 12, 24)

DISCLAMER: I'm the author...

I wrote a package that does exactly this, business dates calculations. You can use custom week specification and holidays.

I had this exact problem while working with financial data and didn't find any of the available solutions particularly easy, so I wrote one.

Hope this is useful for other people.

https://pypi.python.org/pypi/business_calendar/

This will give a generator of working days, of course without holidays, stop is datetime.datetime object. If you need holidays just make additional argument with list of holidays and check with 'IFology' ;-)

def workingdays(stop, start=datetime.date.today()):
    while start != stop:
        if start.weekday() < 5:
            yield start
        start += datetime.timedelta(1)

Later on you can count them like

workdays = workingdays(datetime.datetime(2015, 8, 8))
len(list(workdays))