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Economic Indicators Continue To Show Strong Trump Economy

Economic Indicators Continue To Show Strong Trump Economy
View of the factory of the Sheboygan Manufacturing Company, a chair maker, c. 1895

Economic numbers released today continue to show the Trump economy moving right along with surprising growth. Reduced short-term interest rates from the Federal Reserve may be helping this process as inflation remains muted.

Building Permits (MoM) (Nov) printed at 1.482M vs 1.41M consensus estimate, up 1.4% in Nov.

Housing Starts (MoM) (Nov) printed at 1.365M vs 1.345M estimate, up 3.2% in Nov.

U.S. Industrial Production (Nov) printed at 1.1% vs 08.% increase expected.

Capacity Utilization (Nov) printed at 77.3% vs 77.4% consensus.

JOLTS Job Openings (Oct) were 7.267M vs 7.018M expected.

IBD/TIPP Economic Optimism (MoM) (Dec) printed at 57 vs 54.2.

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