Should Americans think that the Trump administration's cancellation of the release of economic reports is somehow a good sign for the economy?
Bureau of Economic Analysis announced On Monday, the Trump administration officially canceled the release of its preliminary gross domestic product (GDP) estimate for the third quarter of 2025. The Trump administration previously delayed the release, which was originally scheduled for Oct. 30, due to the government shutdown, but now appears to have been scrapped altogether.
Last week the Ministry of Labor withdrawn releases monthly employment report for October, and Bureau of Labor Statistics written off own inflation report.
White House Press Secretary Caroline Leavitt accused Democrats two weeks ago for such delays, saying the Liberal Party “may have caused irreparable damage to the federal statistical system.” She hinted at further cancellations, saying the October data “will be permanently damaged.”
The Trump administration's decision to skimp on releasing economic data comes amid concerns that President Donald Trump's policies aren't all that good for the economy. Trump's mass deportation scheme is estimated to reduce GDP by 4.2 to 6.8 percent. American Immigration Council. Trump's massive reciprocal tariffs are also expected to put a strain on GDP, according to the forecast Tax fund.
If Trump wants to dispute these claims, the government might want to start releasing some factual data.
The BEA also pushed for the release of another report tracking consumer income, spending and savings. This report will now be published on December 5th. Three other economic data reports for 2024 “will be delayed.”
The Commerce Department previously published that the U.S. economy contracted 0.5 percent in the first quarter and then grew 3.8 percent in the second quarter, leaving GDP at an annual growth rate of about 1.66 percent in the first half of the year, according to the Commerce Department. Fox Business.
