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American Focus > Blog > The White House > Data Shows U.S. Economy Is Back on Track Under President Trump – The White House
The White House

Data Shows U.S. Economy Is Back on Track Under President Trump – The White House

Last updated: July 21, 2025 12:00 pm
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Data Shows U.S. Economy Is Back on Track Under President Trump – The White House
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Even the media is acknowledging that the U.S. economy is “regaining its swagger” under President Donald J. Trump, and recent economic developments from the past week serve as a testament to this claim.

  • For the fifth consecutive month, core inflation has outperformed market expectations—every full month since President Trump took office.

    • Since the commencement of Trump’s presidency, core inflation has averaged a mere 2.1%, a rate reminiscent of the first Trump administration, when price stability was the norm and aligned with the Federal Reserve’s target.

  • Wholesale prices remained static, falling below market forecasts and highlighting the significant strides made in addressing the inflation challenges that emerged during the Biden administration.
  • Industrial production exceeded expectations with a notable increase, indicating a decline in inflation alongside a surge in domestic production.

    • Manufacturing output has risen by 1.8% in the first five months of President Trump’s second term, contrasting sharply with a -0.7% contraction in the final five months before his inauguration.

  • Since President Trump took office, customs and tariff revenues have reached an impressive $120 billion—marking the first time these collections have surpassed $100 billion in a fiscal year. This includes $7 billion collected in just the last week, contributing to the first budget surplus in June in nearly a decade, as reported here.
  • Advance retail sales exceeded expectations in June, reflecting robust consumer confidence and spending, fueled by low inflation and rising wages.
  • Consumer sentiment surged in July, once again surpassing market expectations as inflation expectations for the upcoming year dropped significantly.
  • Initial claims for unemployment benefits declined for the fifth week in a row, reinforcing the strength of the labor market as indicated by a favorable jobs report.
  • In June, both housing starts and permits for new construction increased beyond market expectations, signaling confidence in the housing sector.

See also  Donald Trump Is New Pope, Pardons J.K. Rowling and Deports Elmo
TAGGED:DataEconomyHousepresidentShowsTrackTrumpU.SWhite
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