Consumer confidence

The lingering effects of the shutdown on economic data

Illustration: Rebecca Zisser/Axios

The economy is slowing down. But no one is entirely sure by how much.

The big picture: It's been harder than usual to determine for the U.S. because the 35-day government shutdown pushed back or halted important economic releases that inform policymakers and market participants.

America's economic data divergence isn't going away

Illustration of Two line graphs pulling apart
Illustration: Sarah Grillo/Axios

Measures of sentiment, like January's consumer confidence survey, continue to show negative expectations for the economy, even as actual economic trackers, like the monthly U.S. jobs report, keep coming in strong.

Between the lines: Economists say when that happens it usually signals a downturn is coming.