(Reuters) – Citi Research’s barometer on U.S. economic data surprises decreased on Monday to its most negative level since late April after disappointing data on homebuilder sentiment and New York state business activity.

The Citi gauge, which measures whether U.S. economic data come in weaker or stronger than analysts forecast, is monitored by traders for the U.S. growth trajectory. It slipped to minus 63.2 from minus 55.4.

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