All Posts Tagged: 2017
December industrial production handily beat consensus expectations, increasing 0.9% in December.
For more on this, see highlights of my report below, followed by a link to the full U.S. Outlook, delivered on Jan. 19.Key observations:
- Industrialized production data reveal an 11% annualized gain in industrial production over the last three months of the year, a pace not achieved since the first months of the expansion.
- The recently passed tax reform bill will only add to the demand for business equipment, which was already rising organically.
- A weak U.S. dollar is making U.S. manufactured good more attractive globally, boosting U.S. exports and manufacturing production.
- Accelerating global growth is also increasing demand from abroad.
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The first week of trading has been a nice start to the year for most markets and a welcome change from last year.Read More ›
Details of the December payroll report reveal a solid U.S. labor market with plenty of fuel left in the tank.Read More ›
The financial markets seem to be starting off the year on a positive note as investor optimism buoys markets.Read More ›