• Economic Data Shows Continuing Growth Of Trump Economy, Despite Market Sell Off

    February 28, 2020
    No Comments
    Economic Data Shows Continuing Growth Of Trump Economy, Despite Market Sell Off
    Shops on Broadway, New York

    As the market deals with a much expected and healthy correction, the economic data keeps coming incrementally showing a growing economy under Trump administration policies. In short, personal income is growing, trade balance is shrinking, personal spending is increasing, and manufacturing is growing; consumers feel optimistic.

    For the most part, the data is prior to the brunt of the coronavirus outbreak, which will most likely force a slowdown in certain sectors of the American economy.

    Personal Consumption Expenditures - Price Index (YoY) (Jan) printed at the estimate of 1.7%.

    Core Personal Consumption Expenditure - Price Index (MoM) (Jan) printed at 0.1% vs 0.2% consensus estimate.

    Wholesale Inventories (Jan) PREL printed at -0.2% vs estimate of -0.6%.

    Personal Income (MoM) (Jan) printed at 0.6% vs 0.3% estimate.

    Goods Trade Balance (Jan) printed at -$65.5B vs estimate of -$68.7B.

    Personal Consumption Expenditures - Price Index (MoM) (Jan) printed at estimate of 01.%.

    Personal Spending (Jan) printed at -0.2% vs estimate of 0.3%.

    Core Personal Consumption Expenditure - Price Index (YoY) (Jan) printed at 1.6% vs consensus of 1.7%.

    Chicago Purchasing Manager's Index (Feb) printed at 49 vs 45.9.

    Michigan Consumer Sentiment Index (Feb) printed at 101 vs 100.9 estimate.

    Author

    Avatar photo

    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
  • Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments
    magnifierchevron-right

    Subscribe to our evening newsletter to stay informed during these challenging times!!