2/11/2024 0 Comments Global citi surprise indexSimilarly, positive values of the ANFCI have been historically associated with financial conditions that are tighter than what would be typically suggested by prevailing macroeconomic conditions, while negative values have been historically associated with the opposite. Positive values of the NFCI have been historically associated with tighter-than-average financial conditions, while negative values have been historically associated with looser-than-average financial conditions. Citigroup’s global economic-surprise index (CESI), which measures the degree to which macroeconomic data announcements beat or miss forecasts compiled by Bloomberg, has fallen into negative. The NFCI and ANFCI are each constructed to have an average value of zero and a standard deviation of one over a sample period extending back to 1971. Risk indicators contributed –0.22, credit indicators contributed –0.12, leverage indicators contributed –0.07, and the adjustments for prevailing macroeconomic conditions contributed 0.05 to the index in the latest week. The ANFCI was unchanged in the latest week at –0.35. Risk indicators contributed –0.16, credit indicators contributed –0.14, and leverage indicators contributed –0.09 to the index in the latest week. The NFCI ticked down to –0.40 in the week ending August 25. Index Suggests Financial Conditions Loosened Again in Week Ending August 25
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