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On revisions, episode VII

January 24, 2010

Via The Big Picture comes news of a rather substantial revision of numbers from last November: You may recall that consensus for November’s Durable Goods had been +0.5%.  The reported data was lighter than expected at +0.2%. Looking at the revisions the Census Bureau has now incorporated into the data, we see that November actually […]

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On revisions, episode VI

November 3, 2009

I found this example particularly interesting, in particular because of the media attention heaped upon the twin positive readings of the ISM and construction spending numbers which were released yesterday morning. Construction spending was expected to decline -0.2%, but instead rose 0.8%. By now you can guess the rest: the previous month, which had been […]

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