But when they look at the broader economy, they are often making decisions using information collected weeks, or sometimes months, earlier. Census data anchors a large share of the state-level detail in the indexes we build for clients. It does not drive our daily view of the economy, instead every five years it recalibrates the baseline those daily measures run against. What is often overlooked is that the data itself describes an economy that has already moved on. Yet we still behave as though quarterly releases are the moment the economy changed, rather than the moment we finally found out about it.