Gavekal Capital: Positive Economic Surprises in Europe, Negative in the U.S.
Wednesday, February 11, 2015
Positive Economic Surprises in Europe, Negative in the U.S.
The Citi Economic Surprise index is a quick way to get a high-level look at the condition of economic data around the world. Calculated as a diffusion index, values generally range between 100 and -100 for the overall index, which is currently right in the middle of that range:
In the developed market regions, there have been more positive surprises in Europe recently while Asia Pacific remains fairly neutral (though with a slight negative trend) and the U.S. has mostly seen disappointing data so far in 2015: