Here are the key highlights:
Retail sales fell short of expectations during the month, as election activity likely disrupted consumer spending
Consumer confidence has surged since the election, as expectations about future growth have significantly improved
Manufacturing production was flat during the month, but favorable comparisons to last year pushed year-over-year growth back into positive territory
3rd quarter GDP growth was finalized at 1.7% Y/Y, up slightly from previous estimates of 1.6% growth
Growth Likely Slowed in the 4th Quarter, but Solid Growth Expected in 2017
Economic
UPS Economic Analysis Publication
December 31st, 2016