Tags: wsj | commerce | economic | data

WSJ: Commerce Dept Won't Publish Economic Data During Shutdown

government shutdown represented by a sorry we`re closed sign outline with american flag background
(Bradley Greeff/Dreamstime)

Thursday, 27 December 2018 08:04 AM

The U.S. Department of Commerce's Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.

The Commerce Department releases key figures on gross domestic product, inflation, personal income and spending, trade and new home sales, much of which are closely watched by investors and policymakers.

"Due to the lapse in Congressional Appropriations for Fiscal Year 2019, the U.S. Department of Commerce is closed," a notice on the department's website said. "Commerce Department websites will not be updated until further notice."

A Commerce Department official said previously that new home sales data scheduled for release on Thursday would be postponed as long as the partial government shutdown continued.

Other data likely to be postponed includes revised figures on U.S. building permits that had been scheduled for Thursday and a report on advance economic indicators, including the goods trade balance, that had been scheduled for Friday.

The partial shutdown of the federal government was set to enter its sixth day after President Donald Trump said he was prepared to wait as long as it takes to get $5 billion from taxpayers for his U.S.-Mexico border wall.

The Wall Street Journal reported that the Labor Department would continue to release the data it compiles, including new claims for jobless benefits, the monthly employment report and other inflation measures.

The Commerce Department did not respond to Reuters' request for comment. 

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
The U.S. Department of Commerce's Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.
wsj, commerce, economic, data
245
2018-04-27
Thursday, 27 December 2018 08:04 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved