AP Photo/Patrick Semansky
- Several of the economic indicators the Trump administration showed off in a September briefing have since fallen from their highs, New York Times reporter Jim Tankersley first wrote Tuesday.
- Investment in non-residential equipment, small business optimism, and purchasing manager sentiment have all seen a downtrend since the September comments.
- President Trump called the economy "incredible" on Tuesday, countering analyst fears around a recent recession signals and continued tension from the US-China trade war.
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A handful of President Trump's favorite economic indicators are turning sour less than a year after he bragged about their performance.
Just 11 months ago, the administration briefed the press with several charts that showed the economy was performing well under Trump. Nearly all of the indicators now show a downward trend, with some falling just after the September briefing, New York Times reporter Jim Tankersley first wrote on Tuesday.
That hasn't stopped the White House from continuing to praise the economy. Trump lauded it as "incredible" on Tuesday before revealing his administration was considering "various tax reductions" to stimulate consumer spending. The president stressed that any tax cut wouldn't represent an effort to invigorate a slowing economy.
"I've been thinking about payroll taxes for a long time," Trump said. "Whether or not we do it now, it's not being done because of recession."
Here are four indicators that might suggest otherwise, and what their downward trend means for the US economy: