Optimism About Trump’s Economic Agenda
The evidence keeps mounting that the election of Donald Trump to a second presidential term is already causing an economic acceleration.
S&P Global said on Monday that services providers saw the sharpest growth of new orders and output since March 2022, employment in the sector increased for the first time in five months, and business confidence reached an 18-month high.
The seasonally adjusted S&P Global U.S. Services PMI Business Activity Index climbed for the second consecutive month in December, reaching a 33-month high of 56.8 following a reading of 56.1 in November. This was slightly below the earlier “flash” reading but nonetheless indicative of an economy that is picking up steam following the November election results.
According to S&P Global,
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