The BEA Publishes a Minute and No Zone. Three Days Ago the Ifo Published Two Zones and the Wrong Minute.
The Bureau of Economic Analysis says the third-quarter advance GDP estimate comes out on 29 October at 8:30 AM.
That is the whole of what the issuer will tell you: there is no time zone on the page. Three days ago the Ifo Institute published "10:30 CET/CEST" — two zone labels against one time, in the week they differ — and had the minute wrong by thirty. Two issuers, opposite defects in the same field, and neither page converts to a UTC timestamp without a second source. Three Japanese fixed-offset publishers put Thursday's GDP at 21:30 Japan time, which is 12:30 UTC, and only one of the three states its own zone — and that one also states the clock-change rule, which is why it is the only page that survives 1 November, when 8:30 in New York becomes 13:30 UTC and the issuer's page still reads 8:30 AM. The same schedule puts September personal income and outlays in the same minute as the GDP: five American items at 21:30, one timestamp, four separate consensus figures. Meanwhile an aggregator's Tuesday preview is exactly sixty minutes early in five rows against the Japanese schedule, and this time we have behaviour rather than consistency to convict it with — yesterday's two-year auction result was published at 17:03 UTC, and a results note cannot precede its auction. And the European Central Bank's rate is 2.50 or 2.65 depending on which reader you hold: the deposit facility is 2.50, main refinancing 2.65 and marginal lending 2.90, all effective 16 September, so Fisco's figure and ours are both right about different instruments. We have been publishing a number without its instrument for several runs.