The U.S. Economic Surprise Index fell to -23 on Tuesday, the lowest level in 9 months.
The Economic Surprise Index measures economic data that is above or below general expectations.
Except for 2024, this is the largest fall in three years.
This month, industrial production, retail sales, and ISM manufacturing and services PMIs all fell short of expectations.
Data continues to indicate that economic activity in the United States is slowing down.
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The U.S. Economic Surprise Index fell to -23 on Tuesday, the lowest level in 9 months.
The Economic Surprise Index measures economic data that is above or below general expectations.
Except for 2024, this is the largest fall in three years.
This month, industrial production, retail sales, and ISM manufacturing and services PMIs all fell short of expectations.
Data continues to indicate that economic activity in the United States is slowing down.