The government economic data train is getting back on track.
The Bureau of Economic Analysis said on Monday that it would announce its first estimate of third-quarter economic growth on Thursday, Nov. 7, while personal income data for September will be disclosed the day after, on Nov. 8.
The statistics had originally been set to come out at the end of October, but were delayed by the government shutdown.
Since the government reopened last Thursday, statisticians and economists have been quickly making up for lost time. On Tuesday, the Bureau of Labor Statistics will announce long-awaited data on unemployment and job creation in September.
While they are keenly awaited by economists and traders, none of these statistics will tell us much about the extent of the economic damage from the shutdown itself, since that did not begin until Oct. 1.
One clue on that front could come Friday, however, when the University of Michigan will revise its monthly reading on consumer sentiment for October. The preliminary estimate revealed a decline to 75.2 from 77.5 in September. Economists are expecting a small downward revision, so anything more significant will probably get economists buzzing.
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