It has been a great few months for the US economy with one positive surprise after another. The Citi Economic Surprise Index (ESI) for the United States is now at the highest level since January 2018. Just two months ago, it was close to zero, indicating no positive surprises at all. In an international context, the economic data out of the United States has certainly been good and only been surpassed by the economic surprises coming out of China (despite the outbreak of the Coronavirus) and Sweden.
Enjoy the good economic data
Enjoy the good economic data
Enjoy the good economic data
It has been a great few months for the US economy with one positive surprise after another. The Citi Economic Surprise Index (ESI) for the United States is now at the highest level since January 2018. Just two months ago, it was close to zero, indicating no positive surprises at all. In an international context, the economic data out of the United States has certainly been good and only been surpassed by the economic surprises coming out of China (despite the outbreak of the Coronavirus) and Sweden.