Memo to the ABS’ scheduling department. Please take a look at the below release schedule, as published on your website:
- Yesterday – the start of the month – there were no releases.
- Today, there is no release of any macro economic significance.
- Tomorrow, you have two important and detailed economic releases scheduled – International Trade and Building Approvals – along with a minor release in the Cost of Living Indices.
- Thursday, there are no releases of economic significance.
- Friday, there is nominal and real retail sales for the December quarter – an important economic release.
- Monday, there are no releases scheduled.
- Tuesday, there are no releases of economic significance scheduled.
The question that immediately springs to mind is: why has the ABS clustered so many releases on Wednesday, rather than spreading them throughout the week?
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Surely, the best way of maximising exposure for the ABS, as well as reducing the work load of its customers (i.e. analysts and commentators), is to ensure that each major economic release receives maximum air-time and is not competing against other releases for oxygen?
