Thought for the day

Trump's Return Continues to Buoy the US Economy


 
Last updated: 20 January 2025
 
After Trumps November election win, the US Sales Managers Survey recorded a previously unheard of 5.1 Index points increase in Business Confidence. In December the impact slowed, but only marginally. In January, again a small reduction in optimism, but overall, all indexes have remained above their pre-election levels levels. Even before becoming President, Trump has boosted confidence in both present and future focussed indexes, something never seen in the Sales Managers Indexes long history.

Business Confidence rises high and stays high after Trump election victory
Diffusion Index: 50 = ‘no growth’
Trump


With the newly crowned President Trump taking office the week after this index is to be published, with a promised set of tariff measures many see as extreme, plus a raft of other measures likely to significantly impact on economic activity in ways not previously much explored, any kind of suggestion as to what may happen once president Trump actually gets his hands on the levers of economic policy can only be pure guesswork. But for now, the economy looks as if its running ahead rather sweetly.
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