UBS On-Air: Paul Donovan Daily Audio 'Revision time'

Markets (at least bond and foreign exchange markets) tend to pay relatively little attention to data revisions. New but inaccurate information is valued more than delayed but more accurate information. Today’s Eurozone GDP revisions may be a little different because seven economists are forecasting a revision to a negative number. A negative number would allow for suitably apocalyptic, click-bait style reporting. In the real world, no one will notice the difference between 0.0% and -0.1%.