Citi economic surprise indicator takes a plunge into the negative – The Tell

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Citi economic surprise indicator takes a plunge into the negative

An index used to describe how economic data perform relative to forecasts has fallen precipitously since the beginning of the year, one indication of just how weak the recent data have been.

The Citi Economic Surprise Index for the U.S. hit negative 4 on Wednesday, after touching zero on Tuesday for the first time since early November, according to Citi. Continue reading “Citi economic surprise indicator takes a plunge into the negative – The Tell”