Also, growth figures tend to be revised upward later.
The quarterly growth figures tend to be revised, quite regularly and often years after the event.
But estimates of personal income tend to be revised upward, and past declines in the savings rate have been erased by later estimates.
Asset markets first for shares, then for housing were doing households' saving for them.Calculating the savings ratio is an inexact business, because it is the residual between measures of income and consumption and so tends to be revised a good deal.
This suggests potential growth tends to be revised substantially ex-post when the fallout from the imbalances is reflected in a correction of the activity.
Yes, August's jobs numbers tend to be revised up, but when we're talking about a fundamental change in the economy's key interest rate, a one-month's jobs number is a small drop in what should be a big bucket of lots of other indicators.
Recently revisions have tended to be downwards.
The salespeople tended to be housewives.
American hospitals tended to be community-based.
