Economic Surprise Index – Has Been Improving Since June

November 30, 2011

The economic surprise index represents how macroeconomic indicators are reported relative to Wall Street economist consensus estimates. There was a big move down in April and May as estimates on the economic outlook were too high. Just the reverse has taken place since the summer. Economic forecasters have been too gloomy on the economy from August – November. Economic indicators are continuing to beat at present.

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