The US and China are not hitting their economic numbers of late according to the Citi Economic Surprise Index. The economic surprise index in China has recently fallen to 10-month lows. In the US, more economic releases are coming in below expectations than are beating expectations over the past few months. This series is basically at three year lows. Disappointingly for the global economy, Emerging Markets have also started to disappoint.
The Eurozone surprise index is still positive, however, it is well off the highs that were put in place earlier in the year. Momentum seems to be slowing in the UK, Sweden, and Norway as well.
Fortunately, there are a few bright spots across the globe. Japan and Canada have both been on a run where they are consistently beating expectations. Lastly, Latin America is still experiencing more negative releases than positive. However, there has still been a sharp improvement in its economic surprise index.