- US consumer confidence, US economy, US growth, US Market
As of January 2017, the US economy is looking quite strong.
The US recovery, measured by real GDP, has lasted 7 years
Consumer confidence as measured by The Conference Board is the highest since August 2001
(Each month The Conference Board surveys 5,000 US households. The survey consists of five questions that ask the respondents’ opinions about the following:
- Current business conditions
- Business conditions for the next six months
- Current employment conditions
- Employment conditions for the next six months
- Total family income for the next six months
US Small Business optimism is the highest in 12 years
Small business optimism rocketed to its highest level since 2004, with a stratospheric 38-point jump in the number of owners who expect better business conditions, according to the monthly National Federation of Independent Business (NFIB) Index of Small Business Optimism.
“We haven’t seen numbers like this in a long time,” said NFIB President and CEO Juanita Duggan. “Small business is ready for a breakout, and that can only mean very good things for the U.S. economy.”
The Index reached 105.8, an increase of 7.4 points. Leading the charge was “Expect Better Business Conditions,” which shot up from a net 12 percent in November to a net 50 percent last month.
Stock market has rallied in the hopes that Trump can “make America Great Again”
For an extensive overview of the economic tendencies in the US as of December 2016, have a look at this paper elaborated by DI.