How The US Government Shutdown Affects Data Releases

However, we will only be getting the last of those, because of the government shutdown.

The closure of some US government departments due to running out of money from budget appropriations has thrown the economic calendar in disarray, which naturally will make investors nervous given the lack of information.

But it’s not all data releases that have been affected, and this has made tracking US economic data (and fundamental analysis) a lot more difficult, with even experts having trouble keeping track of what is released, and when.

So, here’s a summary of what data we might be missing going forward as long as the shutdown continues.

The Key Word is Partial

Because Congress failed to pass a comprehensive budget by the deadline of October 1 of last year, there have been a series of legislation called Continuing Resolutions to keep funding certain areas of the government for short bits of time.

This means that certain departments of the Federal Government have money to keep functioning for longer than others, so not all departments will close at the same time.

There is also a distinction between what is deemed as essential and non-essential services. Essential Services (i.e. social security, the military, Homeland Security, etc.) continue regardless of the shutdown.

Data releases from essential services of the government will keep being published, while those from non-essential services will be put on hold until the government reopens.

The shutdown also only affects the Federal government, which means that data compiled by other institutions will continue to be released. Most significant among them is, of course, the Fed, which is self-funded (actually, it often generates a profit for the Federal government). Data releases – and FOMC decisions – from the Fed will continue according to schedule.

Data releases from trade institutions and private surveys such as Markit (for PMI data), or the National Association of Realtors (for existing home sales) will continue to be published regardless of the shutdown as well. The same applies forstate data, such as the gaming update from the state of Nevada, as well as universities, such as the Michigan Consumer Sentiment Index.

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