Our Economic Indicator Diffusion Index measures the pace at which economic indicators are coming in ahead of (or below) consensus economist estimates over a 50-day period, and it provides a nice illustration of how the economy is playing out compared to expectations. Positive readings indicate an economy surprising to the upside, while negative readings are representative of an economy failing to live up to expectations.
In today’s Chart of the Day sent to paid research subscribers, we provided an update to our monthly Economic Indicator Diffusion Index. In today’s update, we discuss recent trends in the index and how various readings are likely to be interpreted by the market. Sign up for a 14-day free Bespoke research trial below to receive instant access to our Chart of the Day plus everything else we have to offer.