Forecasters reveal what lies beneath
Insight | Second-tier data is not necessarily second best.
The economic data release calendar is known for breadth, not depth - an endless challenge to economists aiming to discern truth from fiction.
But in an economy where official measures of growth and inflation are reported only quarterly, much of the second-tier data - while not widely seen as solid economic indicators - is central to economists' forecasts and provides valuable insight.
As part of The Australian Financial...