• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Revisions and Benchmarks

Traders and money managers are always hungry for the very latest piece of economic news. The more timely the information, the more influential it is; and the faster investors can get their hands on it, the quicker they can act.

Therein lies the problem. Government agencies and private groups that supply economic data to the public are under tremendous pressure to get it out quickly, and that's not easy. Every week or month, depending on the economic indicator, statisticians follow a rigid schedule to query sources in the field, collect the raw responses, organize the data, readjust for seasonal factors, perhaps recalculate the numbers to adjust for inflation, and then write some introductory comments about the results before finally releasing it to the public. It's a hurried process where accuracy and completeness take a backseat at times to getting the information out on deadline. For this reason the first release of many economic indicators contains pieces of data that are far from reliable and thus considered preliminary.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint