May PPI Data Postponed

[Renew Deal]

By Joseph Rebello
Dow Jones Newswires

WASHINGTON -- The U.S. Bureau of Labor Statistics has postponed the release of the producer price index for May, citing the same "unexpected" difficulties that caused the agency to delay the release of the index on four previous occasions this year.

The agency, which describes itself as the "principal fact-finding agency for the federal government" with respect to labor economics and statistics, said the PPI's release has been "postponed until further notice." When a new release date is set, the BLS said it will make that information available on its Web site one day in advance.

"BLS staff are working to resolve unexpected difficulties in calculating the index this month," the agency said in a statement, adding the PPI won't be released before Tuesday.

The announcement caught the country's largest commodities exchanges off guard. Both the Chicago Mercantile Exchange and the Chicago Board of Trade had extended their trading hours for Thursday just to accommodate the release of the May PPI.
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http://www.smartmoney.com/bn/ON/index.cfm?story=ON-20040609-000767-1612

I guess they don't like the number again.

[Pathwalker]

1. This is EXACTLY the same crap Poppy pulled in '92!

The difference is that the press back then INVESTIGATED and found out they were phonying the numbers. Too bad we don't have anything more than a Blue dress Press for Dumbya. Here they go again.

[Tempest]

2. Markets closed tomorrow

Are the numbers so bad they want to release them when the markets are closed?

[AndyTiedye]

3. They Ran the Numbers, and it Kept coming up "TILT"

[Tabucky]

4. fishy...

Does anyone have an idea if this has happened before?