The flow of official US economic data, largely by shutting down stopped continue Government should economists and analysts once back to their offices. But many publications to delays and other technical hurdles that mess up data or cause that threaten outright cancellation might be.
September employment, retail sales and inflation reports, including since on ice the closure Oct. 1 start. RAW data for the next round of reports does not collect dark with offices, fill mailboxes and telephones go unanswered.
"The main issue is centered on the employment report long delayed payroll and where [Bureau of Labor Statistics] was, as she stopped data processing household and establishment survey," Mizuho Securities Chief-Economist Steven Mohammed said in a note to clients.
It also logistical questions remain unanswered. The two main agencies that produce and economic reports, work and Commerce departments, release data to the media using shared "lockup" room. They need to coordinate schedules, distance probably the data, once she release is ready.
Ready to go
Some instruments were ready for release, or very close to this point. The August construction spending report, was by the Oct. 1, should immediately after the US Commerce Department will be ready to go and be executed. It would have been finished probably while the Agency on Sept. 30 was financed.
Close but not quite there,
The labor and Commerce Department had collected data for the employment report (expected to Oct. 4), retail (Oct. 11) and the index of consumer prices (Oct. 16).
If Dole Oct. 3 announced that it will release the employment report, not, as planned, offer it not an appointment to terminated. It remains unknown how close analysts in the Bureau of labor statistics were for the completion of the report and how quickly she could restart their work.
It is a guessing game. Mr Ricchiuto estimates two or three days for the employment report. TD Securities analyst Millan Mulraine is more skeptical, and said he expects a turnaround time of seven to ten days after the Government reopened.
Forever damaged?
Also unknown is what will happen in the October employment report planned for publication on November 1.
The U.S. Department of Commerce Census Bureau, which collects information for the household survey's employment report has set the economic data collection.
Normally, it would have contacted households this week questions people after their employment status of the previous week. These responses determine the monthly unemployment rate for other numbers.
The survey much later than mid-October should be carried out, could distort the results, because people can not remember their status.
The other half of the establishment survey employment report should be less problematic. It relies on data from companies, which usually records of hiring and firing. The establishment survey shows how many jobs were added or lost.
October consumer price index, is expected Nov. 15, can also technical difficulties.
In a normal month the Ministry of labour data collections to thousands of retail stores, apartment buildings, doctor's offices and other facilities would send get prices on 80,000 articles.
With only two weeks left in the month would be short and narrow snapshot.
The independent fed
Other reports, such as the Federal Reserve industrial production report are based on numbers of shuttered agencies. The Fed said last week that they this data as planned on Thursday (Oct. 17) to release would not.
The Central Bank, is subject to not the Congress funds process to preserve its independence. It has also other data and important reports including Wednesday "Beige Book" on regional economic activity and minutes of its Federal open market Committee meeting last week to release.
Here is a partial reduction in the official government data for planned was:
Tuesday, Oct. 1
10 AM-construction spending (Commerce Dept.) - postponed
Thursday, Oct. 3
10 AM-factory orders (Commerce) - postponed
Friday, Oct. 4
08:30 AM-employment report (lab) - postponed
Tuesday, Oct. 8
08:30 AM-international trade (trade) - postponed
10 Most job openings and labor turnover (lab) - reset
Wednesday, Oct. 9
10 AM-wholesale (trade) - postponed
Thursday, Oct. 10
08:30 AM-import prices (lab) - postponed
2 Pm-federal budget (Treasury Dept) - postponed
Friday, Oct. 11
08:30 AM retail sales (trade) - postponed
08:30 AM-producer price index (lab) - postponed
Reset 10 AM business inventories (Commerce)
Wednesday, Oct. 16
08:30 AM-consumer price index (lab) - postponed
Thursday, Oct. 17
08:30 AM-housing starts (Commerce) - postponed
09:15 AM industrial production (Federal Reserve) - postponed
Thursday, Oct. 25
10:00 AM-new-home sales (Commerce)
Friday, Oct. 25
08:30 AM-durable were (trade)
Tuesday, Oct. 29
10:00-Vacancies (Commerce) housing
WEDNESDAY. Oct. 30
08:30 AM-gross GDP (3Q) (Commerce)
Thursday, Oct. 31
08:30 AM-personal income (Commerce)
08:30 On the employment cost index (laboratory)
No comments:
Post a Comment