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Economics

Winter Amplifies U.S. Economy’s Seasonal Swing: Chart of the Day

Swings in U.S. economic statistics are back on schedule after being influenced by last winter’s relatively harsh weather, according to Michael Shaoul, chief executive officer of Marketfield Asset Management LLC.

The CHART OF THE DAY compares the Citigroup U.S. Economic Surprise Index’s readings this year with averages in 2010-2013, the first four full years of the current expansion. The index rose yesterday to 47, the highest level since January, after being negative as recently as Aug. 20.