🎈U.S. CESI Rises to Highest Since March 2021: Cable FX Macro
- Rosbel Durán
- Jul 11, 2023
- 1 min read
**As seen in Macro Walk Report 07/10/23, subscribe at cablefxm.co.uk/reports
The Economic Surprise Index section in our Macro Walk report showed the U.S. Citi ESI rising 18 index points on the week, the nominal level reached was the highest since March 2021
Recently, housing has been leading upside surprises in the U.S., the latest data showed housing starts at 1.63Mln while building permits rose at 1.49mln on the month
The June Non Farm Payrolls data missed consensus at 209K, however, the broad labour market maintains an upside surprise contribution, June jobless rate ticked lower to 3.6% from a prior 3.7%
Household sectors and business survey indicators hold a negative contribution to economic surprises
As of last week, the U.S. has the second highest CESI reading in the G10, NOK leads the pack while EUR bottoms
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