Last night was the State of the Union, and President Trump made a strong case for his agenda.
Let’s take a look at some economic data so far in Trump’s second term.
Industrial production has grown steadily, though perhaps not rapidly, throughout Trump’s first year of his second term.
After inheriting a first-quarter GDP contraction, Trump has put together three quarters of decent growth.
And despite predictions of a manufacturing apocalypse, new orders of non-defense capital goods (excluding aircraft) are growing.
Mortgage rates during Trump’s second term have come down about 1 percentage point since Trump took office.
Trump has made good on his promise to lower costs at the pump. Gasoline prices are down significantly from when he took office.
Action Line: Overall, a decent job for the Trump administration. Click here to subscribe to my free monthly Survive & Thrive letter.
