Data Revisions

Durably Sideways

By |2019-04-25T17:23:03-05:00April 25th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Next month, in the durable goods series, the Census Bureau will release the results of its annual benchmark changes. In May 2019, the agency will revise the seasonal adjustments going back to January 2002. Unadjusted data will not be, well, further adjusted. None of this, apparently, will include any information gleaned from the comprehensive 2017 [...]

Downturn Rising, No ‘Glitch’ In Retail Sales

By |2019-03-11T12:24:47-05:00March 11th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

You just don’t see $4 billion monthly retail sales revisions, in either direction. Advance estimates are changed all the time, each monthly figure will be recalculated twice after its initial release. Typically, though, the subsequent revisions are minor rarely amounting to a billion. Four times that? Last month, the Census Bureau reported that retail sales [...]

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