Trump says the economy is "amazing" as his favorite indicators collapse

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

Features, Economic Data, Trump, Trump Administration, Economy, Wall Street

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

2019-08-22T14: 10: 00 + 02: 00

2019-08-21T14: 44: 11 + 02: 00

2019-08-22T14: 10: 03 + 02: 00

Several of the economic indicators presented by the Trump administration during a briefing in September have since fallen from their peaks, wrote Tuesday the New York Times reporter Jim Tankersley.
Investments in non-residential equipment, small business optimism and the sentiment of purchasing managers have all been down since September's comments.
President Trump described the economy as an incredible Tuesday, countering analysts' fears of recent recessionary signals and lingering tensions over the trade war between the two countries.
Visit the Markets Insider homepage for more stories.

A handful of President Trump's favorite economic indicators are turning out badly less than a year after he boasted about his performances.
Just 11 months ago, the administration informed the press of several graphs showing that the economy was doing well under Trump. Almost all indicators now show a downward trend, with some falling just after the September briefing, the New York Times reporter Jim Tankersley wrote on Tuesday.
That did not stop the White House from continuing to praise the economy. Trump called it "unbelievable" Tuesday before revealing that his government was considering "various tax cuts" to boost consumer spending. The president stressed that any tax cuts would not be an effort to reinvigorate a slowing economy.
"I have been thinking about payroll for a long time," said Trump. "Whether we do it or not now, it's not done because of the recession."
Here are four indicators that might suggest the opposite and what their downward trend means for the US economy:

international

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

Features, Economic Data, Trump, Trump Administration, Economy, Wall Street

Trump claims that the US economy is "incredible" and far from recession – but 4 of his favorite indicators paint a different picture

2019-08-22T14: 10: 00 + 02: 00

2019-08-22T14: 10: 03 + 02: 00

Several of the economic indicators presented by the Trump administration during a briefing in September have since fallen from their peaks, wrote Tuesday the New York Times reporter Jim Tankersley.
Investments in non-residential equipment, small business optimism and the sentiment of purchasing managers have all been down since September's comments.
President Trump described the economy as an incredible Tuesday, countering analysts' fears of recent recessionary signals and lingering tensions over the trade war between the two countries.
Visit the Markets Insider homepage for more stories.

A handful of President Trump's favorite economic indicators are turning out badly less than a year after he boasted about his performances.
Just 11 months ago, the administration informed the press of several graphs showing that the economy was doing well under Trump. Almost all indicators now show a downward trend, with some falling just after the September briefing, the New York Times reporter Jim Tankersley wrote on Tuesday.
That did not stop the White House from continuing to praise the economy. Trump called it "unbelievable" Tuesday before revealing that his government was considering "various tax cuts" to boost consumer spending. The president stressed that any tax cuts would not be an effort to reinvigorate a slowing economy.
"I have been thinking about payroll for a long time," said Trump. "Whether we do it or not now, it's not done because of the recession."
Here are four indicators that might suggest the opposite and what their downward trend means for the US economy:

international