Daily
This dataset tracks daily over time.
Latest Value
0.00
Year-over-Year Change
N/A%
Date Range
2/1/1960 - 8/31/2022
Summary
The Daily Economic Surprise Index (ESPRECD) measures the extent to which economic data releases surprise or deviate from market expectations. It provides insights into the overall state of the economy and how it compares to consensus forecasts.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Daily Economic Surprise Index tracks the degree to which recent U.S. economic indicators have exceeded or fallen short of analyst predictions. It serves as a real-time barometer of economic sentiment and can signal shifts in market optimism or pessimism.
Methodology
The index is calculated by Citigroup based on a proprietary formula that aggregates the difference between actual data releases and Bloomberg survey consensus estimates.
Historical Context
The ESPRECD is closely monitored by investors, policymakers, and analysts to gauge the performance of the U.S. economy relative to expectations.
Key Facts
- The index has a mean of 0 and a standard deviation of 1.
- Positive readings indicate economic data has exceeded forecasts.
- Negative readings signal data has fallen short of expectations.
FAQs
Q: What does this economic trend measure?
A: The Daily Economic Surprise Index (ESPRECD) tracks the degree to which recent U.S. economic indicators have exceeded or fallen short of analyst predictions.
Q: Why is this trend relevant for users or analysts?
A: The ESPRECD provides insights into the overall state of the economy and how it compares to consensus forecasts, serving as a real-time barometer of economic sentiment.
Q: How is this data collected or calculated?
A: The index is calculated by Citigroup based on a proprietary formula that aggregates the difference between actual data releases and Bloomberg survey consensus estimates.
Q: How is this trend used in economic policy?
A: The ESPRECD is closely monitored by investors, policymakers, and analysts to gauge the performance of the U.S. economy relative to expectations.
Q: Are there update delays or limitations?
A: The ESPRECD is updated daily, providing timely insights into the state of the economy.
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Citation
U.S. Federal Reserve, Daily Economic Surprise Index (ESPRECD), retrieved from FRED.