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WEEKLY ECONOMIC UPDATE

June 25 – June 29

CHART OF THE WEEK

A record high 95.1% of manufacturing companies are reporting a positive outlook for their companies according to the National Association of Manufacturers (NAM) Outlook Survey for the second quarter of 2018. The NAM report noted “manufacturers continue to be upbeat following Washington’s passage of the comprehensive tax cuts package mentioned earlier as well as other positive policy changes out of Washington like its less-burdensome approach toward regulatory policy—pro-growth stances that will help manufacturers compete in the global marketplace.”

THIS WEEK

Upcoming JEC Hearing

The Need for U.S. Leadership on Digital Trade
Wednesday, June 27, 2018 in Longworth 1100

LAST WEEK

News & Commentary

Conference Board’s Leading Economic Index Rises (Wall Street Journal)

Powell Says Solid Economy Supports Further Fed Rate Increases (Wall Street Journal)

The Great ‘Firewall’ of China: Digital economy thrives despite robust internet regulations (Verdict)

How GDPR Turns a Regulatory Lead into a Competitive Snag (Economics21)

Health Savings Accounts for Everyone (Wall Street Journal—by JEC witness Scott Atlas of Stanford University’s Hoover Institution)

Disability Applications Plunge as the Economy Strengthens (New York Times)

What the High Court Online Sales Tax Ruling Means for Retailers (Bloomberg)