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The U.S. Economy Hasn't Disappointed Analysts This Much Since the Great Recession
A morning's worth of disappointing data sent the Economic Surprise Index down further
Traders work on the floor of the New York Stock Exchange (NYSE).
Photographer: Jin LeeThis article is for subscribers only.
Following a quartet of weaker-than-expected economic data reports released this morning, Bloomberg's U.S. economic surprise index has fallen to levels seen only during the Great Recession.
At -0.783, the 15-year-old index has been this far away from zero in either direction in only two other periods: in early 2009, when it hit a record-low -0.996, and in March 2011, when it climbed as high as 0.950.