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For now, manufacturers are cautiously optimistic in their economic outlook.
Manufacturing production expanded for the fourth consecutive month.
Manufacturing production rebounded somewhat in December, but over the past 12 months, output was up a rather stagnant 0.2 percent.
The Institute for Supply Management’s Manufacturing Purchasing Managers’ Index continued to grow rather strongly, accelerating to its fastest pace since November 2014.
The Bureau of Economic Analysis reported that the U.S. economy grew 1.9 percent at the annual rate in the fourth quarter in preliminary data.
The Federal Reserve reported that manufacturing production rebounded in December after pulling lower in November, with output in the sector up 0.2 percent in the latest release.
Consumers and small business owners have expressed rising confidence levels about the economy in recent data, with the data jumping significantly since the election.
Economic data on manufacturing activity were mixed last week, but for those who are optimists, there were also signs that demand, output and hiring might accelerate moving forward.
After a burst of post-election enthusiasm, several reports out last week reminded us that the economy continues to have some challenges, despite recent progress.
With the holiday season approaching, financial markets continue to gift us with new all-time highs, boosted by cautious optimism in the outlook and healthy gains in a number of economic indicators.
We have seen a steady stream of good economic numbers in the past few weeks, and the data that came out last week was no exception.
There was a lot to be thankful for last week, with a number of positive economic indicators to report. Americans appear to be cautiously optimistic about growth moving forward.
In the post-election economic environment, financial markets have expressed a sense of cautious optimism.
In a week with little new data, the surprising upset in the general election dominated both headlines and financial market discussions.
The U.S. economy grew 2.9 percent at the annual rate in the third quarter, up from 1.4 percent in the second quarter and its fastest pace in two years.