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Advance estimates of GDP growth for the first quarter of 2010 were released on Friday morning.
So, beware advance estimates.
The figures are advance estimates, and subject to revisions.
The final figure will not be released until May, and in the past few years the budget has generally turned out to be stronger than advance estimates suggested.
The revisions to the advance estimates in recent quarters have been so large that the real figure could be as low as 1.8percentnt or as high as 3.8percentnt.
It's "likely to be the largest funeral service in history"; then, one sentence later, it's the "largest in entertainment history," according to a family lawyer, depending on advance estimates and possibly on television viewing.
Similar(48)
For example, the advance estimate for growth in the third quarter of 2012 was two per cent.
This was the Commerce Department's "advance" estimate of G.D.P., which is notoriously unreliable.
(For the previous quarter, the advance estimate was 2.5percentnthethe revised figure is now 1.8percentnt).
That was an upward revision from the advance estimate, of 3.5%.
That won't come until October 30th, at the earliest, when the advance estimate of the third-quarter G.D.P. is released.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com