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Shutdown Data Delay: US Economy in the Dark
4 Dec
Summary
- Government shutdown caused significant delays in releasing key economic data.
- New release dates for September, October, and November reports are being rescheduled.
- Delayed data complicates outlooks for inflation, jobs, and economic growth.
The federal government shutdown has caused significant disruptions, leading to a substantial backlog of essential economic data. Statistical agencies are now working diligently to reschedule reports that were missed during the closure, impacting the release of vital information concerning inflation, employment, and economic growth. This delay is creating uncertainty for investors, businesses, and policymakers alike.
Several key economic indicators have been rescheduled for December, including September's industrial production and the PCE price index. Other critical reports, such as the November U.S. employment report and Consumer Price Index, are also set to be released later than initially planned. Some reports, like the October household survey for employment, have been canceled altogether.
Furthermore, numerous reports from September, October, and November are still awaiting new release dates. These include housing starts, new home sales, trade deficit figures, and business inventories. The ongoing delay in these comprehensive economic indicators further obscures the current economic outlook, highlighting the challenges in making informed decisions without timely data.
