U.S. Services Sector Growth in December

SOURCE www.breitbart.com
The U.S. services sector showed strong growth in December, indicating potential acceleration in the economy due to anticipated pro-growth policies under the incoming Trump administration. Business confidence is high, with optimism about tax cuts, deregulation, and favorable investment climate. The services sector outperformed manufacturing, which continues to struggle despite government subsidies.

Key Points

  • ISM's purchasing managers' index for services rose to 54.1 in December
  • Business leaders optimistic about Trump administration's policies
  • Services sector showing stronger activity and demand

Pros

  • Stronger-than-expected growth in the services sector
  • Heightened business confidence and optimism about future economic conditions
  • Expectations of tax cuts, deregulation, and a more favorable investment climate

Cons

  • Contrast with ongoing struggles in U.S. manufacturing sector