Major data revisions are coming

Source: Slow Boring

By Jed KolkoJanuary 14, 2025

That should make you trust official statistics more

Data get revised for good reasons, and the US does it the right way

Lots of principal economic indicators get revised in the months (and sometimes years) after their initial release. Most revisions are an attempt to square timeliness and accuracy: Initial data are based on what’s known or available quickly, and revisions incorporate additional inputs or information that take more time to collect or calculate. Here are three reasons for data revisions:

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