The Great Recession is over and the American economy is rebounding. That bodes well for 2017. Economist have seen a number of encouraging signs that make them optimistic about the growth of the American economy. All of this is good news for the American economy in 2017.
Matthew David Parker expands on the following 9 encouraging signs of economic recovery for 2017.
1. Rise in Expensive Equipment Sales
Technology companies, hospitals and other major companies continuing to buy high-priced technology and specialized equipment will help the economy to grow in 2017. This can lead to shipping and industrial transportation companies hiring more workers and pumping money into the economy.
2. Housing Sale Prices Are No Longer In Free Fall
Housing prices serve as a good indicator of the country’s economic activity. Most Americans have the vast majority of their wealth tied up in their homes. If the market value of their homes rise it means their wealth increases. Research has shown that property value has begun to rise in most of the largest metropolitan markets. It is expected that this trend will continue into 2017 and beyond and can strengthen the country’s economic growth.
3. Advertising Sales Are Growing
Another good indicator of the potential for economic growth in 2017 is the fact that companies are spending more on advertising. Investments in advertising makes up a significant portion of the economy. The more companies spend on advertising the more the economy will grow. Some experts anticipate that advertising sales will rise by as much as 10% in some segments of the media. That kind of growth will help the economy to continue to recover in 2017. It canal so help both the media and the businesses they are paid to promote to grow as well.
4. Factory Production Is Increasing
Manufacturing makes up about 13% of the American economy. The Federal Reserve has said it has seen factory production exhibiting incremental growth. Some automobile manufacturers have stated that they intend to increasing production by as much as 27%. That can lead to job increases both in the production, sales and other related industries and help to further buoy the economy and help it to continue to expand and grow in 2017.
5. Record Corporate Profits
Corporate profits are at an all time high. This means corporations have more money in their coffers and are more likely to increase the amount they invest in workers, equipment and advertising. Clearly this has the potential to have a profound impact on economic growth in 2017.
6. Retail Sales A Up
An increase in retail sales is a good sign. When people spend their money instead of saving it, that stimulates the economy. It increases factory orders and all related industries. This and the economic growth it inspires appears poised to continue happening in 2017.
7. Unemployment Is Down
More Americans are working this year than last and that trend seems to be continuing in 2017. As more Americans get back in the workforce it will mean more money will be spent. This will result in further economic growth in 2017.
8. A Weak Dollar
A weak dollar helps U.S. businesses to sell more products abroad because their foreign business partner will have favorable exchange rates and the American products will be cheaper. The resulting influx of foreign money in 2017 can help to fuel economic growth.
9. Economists Say The Economy Is Improving
A rosy outlook from economists builds consumer confidence. Perception is just as important as reality when it comes to consumer spending. A positive economic outlook for 2017 can become a self-fulfilling prophecy.