Bloomberg: U.S. Will Fail to Release Key Economic Report at Critical Moment

by WhenLuggageAttacks

 

Bloomberg article

tl;dr – The December retail-sales report won’t be released as scheduled Wednesday while the Commerce Department remains closed. Failure to reopen soon also would delay last month’s personal income and spending data, due by Jan. 31. The delay in government-issued economic releases “introduces a greater degree of uncertainty, which typically isn’t good,” said Jim Paulsen, chief investment strategist at Leuthold Weeden Capital Management LLC . “It does create some real risk of misinterpretation” as people try to compensate with other, sometimes partial, sources of information, like a retail CEO’s comments.

 

 

I posted a link to another Bloomberg article on Sunday that gave a schedule of what we’ll miss this week (with bonus Treasury auction dates of interest):

For economic data, some key reports could be delayed. The regular schedule includes:

  • Jan. 15: Empire manufacturing; producer prices
  • Jan 16: Mortgage applications; retail sales; import/export prices; business inventories; NAHB housing index, Fed beige book; Treasury International Capital flows
  • Jan. 17: Housing starts/building permits; jobless claims; Philadelphia Fed business outlook; Bloomberg consumer comfort
  • Jan. 18: Industrial production; University of Michigan consumer confidence

As for Treasury’s auctions:

  • Jan. 14: $39 billion of three-month bills; $36 billion of six-month bills
  • Jan. 17: Four- and eight-week bills; $13 billion of 10-year inflation-linked securities

quoted directly from this Bloomberg article

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