Citi: Data releases disappoint analysts

Wednesday, July 4, 2012

 

The Citigroup economic surprise indexes (CESI) entered a negative territory early May and are already approaching to the one-year lows. That means that analysts get systematically disappointed by the data releases in largest economies in the world.
CESI measures the variations in the gap between the expectations and the real economic data.  When the CESI is positive it means that the released data have been better than the expectations. When CESI is negative, it means that actual results have been worse than expectations.
On the chart below you may see the dynamics of indices for G10, US, Europe, and China.

Chart. Citigroup economic surprise index (CESI)