What does 'provisional' mean in a Destatis release, and why do figures get confirmed later?

Destatis, the German statistics office, published its September inflation figure as provisional on 30 September, then confirmed it unchanged on 13 October (provisional release, confirmed release). Many releases work this way: a first estimate, then a confirmed figure, sometimes with revisions in later months.

What does 'provisional' mean in a Destatis release, and why do figures get confirmed later? — moving average crossover diagram
A fast moving average crossing a slower one

A provisional figure is an early estimate based on the data available at the time. Some prices or surveys are still arriving, so the office publishes what it has, then corrects it once the full data are in. Revisions can be small or large, and the direction is not always the same.

We would like beginners and experienced traders to share:

  • How would you explain a provisional figure to a friend who has never read a statistics release?
  • Do you trade the provisional figure, the confirmed figure, or both?
  • Has a revision ever changed a trade you were in?
  • What other releases do you know that work the same way?
What does 'provisional' mean in a Destatis release, and why do figures get confirmed later? — risk-reward diagram
A risk-reward ratio of 1 to 2

How to read an economic calendar explains the other terms used in releases.

In the German case the confirmed September figure matched the provisional figure exactly, which is common when the data are complete. Do you ever go back and check how often provisional figures are revised after the event, and does that change how much you trust the first print?

Please keep replies friendly and practical. Posts that promise a direction or sell signals will be removed.

Background: How to read an economic calendar: actual, forecast, previous and impact

The economic calendar tells you when markets are likely to move. Here is what each column means and how traders use it to plan the week.

What does forecast mean on an economic calendar?

The median expectation of economists surveyed before the release. Markets usually price in the forecast, so prices react to the gap between the actual figure and the forecast.

What is a high-impact event?

A release that has historically caused large price moves, such as central bank decisions, CPI inflation and the US jobs report. Spreads often widen around them.

Read the full guide

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