Economic Threats Lie Outside of the US

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Economic Threats Lie Outside of the US

Our chart shows the Economic Surprise indices for the US, the Eurozone and China. A positive reading suggests that economic releases have, on balance, been beating consensus. As can be seen, the US reading has been rising steadily since the end of June and is now comfortably positive. Readings in the Eurozone and China remain negative. This confirms the Fed’s recent communication that the key economic threats for the US are international rather than domestic.

 

20190923 COTD - Economic surprises - Web
Sources: Bloomberg, Unigestion. Data as at 19.09.19.

 


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