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March 11, 1998
TO: BOARD OF GOVERNORS No. 11-98
INDUSTRY STATISTICS COMMITTEE No. 5-98
PUBLIC INFORMATION COMMITTEE No. 8-98
RESEARCH COMMITTEE No. 10-98
RE: LETTER TO EDITOR OF BARRON'S
______________________________________________________________________________
The attached letter is in response to an article and a letter to the editor appearing in the March 9
issue of Barron's. The article and letter misrepresent several aspects of the Institute's monthly statistical
collection and monthly estimates.
John Rea
Vice President - Research &
Chief Economist
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