a little confusing to me but can anyone explain when are revisions due, and what's going on with them? Let me explain what I think revisions are and maybe you can correct my thinking.
The NFP on Jan. 5. 07 was revised because a leading indicator such as ADP gave analysts sentiment it was more bearish than forecasted. Thus, the forecast was revised prior to the release of the number.
However, I've also heard revisions after the actual number have came out. When are these revisions released, and how significant of an impact does it have relative to actual release of the number? Does every economic number have a revision?
The NFP on Jan. 5. 07 was revised because a leading indicator such as ADP gave analysts sentiment it was more bearish than forecasted. Thus, the forecast was revised prior to the release of the number.
However, I've also heard revisions after the actual number have came out. When are these revisions released, and how significant of an impact does it have relative to actual release of the number? Does every economic number have a revision?