The following is an extract from IHS Markit's latest Week Ahead Economic Preview. For the full report (including Special Reports) please click on the link at the bottom of the article.
- Survey incentives play a major role in why some surveys work better than others in tracking actual economic conditionsBy supplying valued reports as rewards for participation, and engaging with survey contributors, PMI surveys produce advance indicators of real-world economic trends, avoiding some of the problems with survey fatigue evident in official dataErrors and volatility in official data have in the past sent misleading signals about the economy, and make it more challenging for survey data to prove their accuracy
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