Employment growth has been very strong and wages have shown some improvement, supporting robust consumer spending in the third quarter. (business.financialpost.com)
The bullish bet is that Trump's plans to cut taxes (corporate and personal), boost spending on defense and infrastructure ($ 1 trillion is a lot of money), and cut regulations (so long, Dodd - Frank) will unleash a glorious cycle of faster GDP growth, leading to surging corporate profits, thus spurring hiring and more robust consumer spending and even - faster growth (lather, rinse, repeat). (fortune.com)
Imports of goods also expanded at a firm pace in the second half of 2003, particularly consumption imports, which rose in line with robust consumer spending to be around 12 per cent higher over the year; imports of capital and intermediate goods were also sharply higher over the year. (rba.gov.au)