Reasons to be cheerful about the US… in figures

The Boston Company AM's Saffaye analyses recent US data.

While investors may have felt their nerve challenged, increasingly encouraging macroeconomic and microeconomic data suggest there is justification for a more positive perspective on the US.  George C Saffaye, director-portfolio strategies at The Boston Company Asset Management, a BNY Mellon Company, explains why… Consumers become cheerier Consumers represent roughly two-thirds of US GDP. In Q4 of 2011, GDP increased 3% with the pick-up partly attributable to an acceleration in consumer spending on durable goods. The Conference Board’s index of consumer attitudes increased to 70.8 in Fe...