US Economy 2017: Does Factory, Confidence Data Brighten Outlook Ahead Of Incoming Trump Administration?
November 23, 2016
New orders for U.S. manufactured capital goods rebounded in October, driven by rising demand for machinery and a range of other equipment, the latest indication of an acceleration in economic growth early in the fourth quarter.
The brightening economic outlook received a further boost from other data on Wednesday showing a jump in consumer sentiment this month in the wake of the election of Donald Trump as the next president. Consumers viewed the business mogul’s victory as positive for their personal finances and the economy’s prospects.