• The Danske Markets Economic Surprise Index (DM ESI) is a quantification of the latest macro data into an index. The index measures how positively or negatively the data has surprised -measuring the difference between actual release and consensus forecast. The index can thus be interpreted as whether the data was better or worse than consensus expected.
• The DM ESI gives a fast overview of surprises in historical and latest macro data. This is a useful input when determining current market drivers. Another use is that the index in some periods leads the market movements.
• The DM ESI so far operates for US growth and price data. It is scheduled for release every week to assist in giving an overview of the weekly surprises in macro data. In the future similar indices will arise in respect of the eurozone.
