US Commerce Dept won’t publish economic data during shutdown

Other data likely to be postponed includes revised figures on US building permits that had been scheduled for Thursday and a report on advance economic indicators. (Shutterstock)
Updated 27 December 2018

US Commerce Dept won’t publish economic data during shutdown

  • President Trump said he was prepared to wait as long as it takes to get $5 billion from taxpayers for his US-Mexico border wall
  • Other data likely to be postponed includes revised figures on US building permits that had been scheduled for Thursday and a report on advance economic indicators

WASHINGTON: The US Department of Commerce’s Bureau of Economic Analysis and Census Bureau will not publish economic data during the ongoing partial government shutdown, the Wall Street Journal reported on Wednesday, citing an agency spokeswoman.
The Commerce Department releases key figures on gross domestic product, inflation, personal income and spending, trade and new home sales, much of which are closely watched by investors and policymakers.
“Due to the lapse in Congressional Appropriations for Fiscal Year 2019, the US Department of Commerce is closed,” a notice on the department’s website said. “Commerce Department websites will not be updated until further notice.”
A Commerce Department official said previously that new home sales data scheduled for release on Thursday would be postponed as long as the partial government shutdown continued.
Other data likely to be postponed includes revised figures on US building permits that had been scheduled for Thursday and a report on advance economic indicators, including the goods trade balance, that had been scheduled for Friday.
The partial shutdown of the federal government was set to enter its sixth day after President Donald Trump said he was prepared to wait as long as it takes to get $5 billion from taxpayers for his US-Mexico border wall.
The Wall Street Journal reported that the Labor Department would continue to release the data it compiles, including new claims for jobless benefits, the monthly employment report and other inflation measures.
The Commerce Department did not respond to Reuters’ request for comment.


Abu Dhabi fund suspends debt service repayments for countries, companies

Updated 12 July 2020

Abu Dhabi fund suspends debt service repayments for countries, companies

  • Debt service repayments would be suspended for eligible countries and individual companies from Jan. 1 until Dec. 31

DUBAI: Abu Dhabi Fund for Development has suspended debt service repayments for some countries and companies for the year, the state-financed fund said on Sunday.
The fund provides financial assistance to companies in the United Arab Emirates and to developing countries, which has included Pakistan, Egypt, Sudan and Ethiopia.
Debt service repayments would be suspended for eligible countries and individual companies from Jan. 1 until Dec. 31, the fund said in a statement.
It did not say which countries or companies would benefit or what the criteria would need to be met to be eligible.
“At a time when the world is reeling under the effect of the pandemic ... it is imperative for us to support particularly those that need it most, especially the low-income countries,” the fund’s director general Mohammed Saif Al-Suwaidi said.