Surprise! US Economic Surprise Index Slumps To -28.10 (Lowest Since 2022)t.co/Csapb2jLBY
— Jeff Lee 2020 (@JeffLee2020) June 22, 2024
The U.S. Economic Surprise Index dropping to -28.10 is concerning and suggests that the economy is performing worse than anticipated. If this trend continues, it could indeed lead to a recession. Economic indicators consistently falling below expectations often signal underlying weaknesses, such as reduced consumer spending, lower business investment, or slowing job growth. If these issues are not addressed promptly and effectively, the risk of a recession increases. Depending on the severity of these factors and the policy responses, the economic situation could deteriorate further.
BREAKING: Bloomberg’s US economic surprise index has plummeted to its lowest level since March 2019.
The economic surprise index measures economic data coming in above or below consensus estimates.
The index dropped below -40, as most of this year's data has been below… pic.twitter.com/folGsQ0TL4
— The Kobeissi Letter (@KobeissiLetter) June 21, 2024