Citi's economic surprise index for the United States has dipped below zero as the data continuously points to a slowdown in the economy. Manufacturing PMI, non-manufacturing PMI, Non-farm payroll report, all points to a slowdown in the month of August.

The real question is whether this is a temporary phenomenon or beginning of a fresh slowdown in economic activity. Lot many indicators are pointing to the increased possibility of a recession ahead.

Chart courtesy - Soberlook.com