Business conditions have rebounded in 2017 for companies involved in manufacturing and commodities, and the outlook remains positive for the industrial sector, according to economists at the inaugural American Trucking Associations Economic Summit.

More favorable attitudes about personal finances and the economy helped bolster Americans’ confidence last week, according to Bloomberg Consumer Comfort Index figures released July 27.

The U.S. economy is experiencing steady but slower growth in business investment as orders for capital equipment eased last month following a May increase that was bigger than previously reported, Commerce Department data showed July 27.

The U.S. housing market is stabilizing near 10-year highs, according to government data July 26 that showed sales of new homes were slightly less than forecast.

A four-month high in U.S. consumer confidence reflects Americans’ sunnier views on both their current situation and outlook, a positive sign for the economy, data from the New York-based Conference Board showed Tuesday.

A slowdown in sales of previously owned U.S. homes shows how lean inventories are keeping prices elevated and limiting purchasing options, National Association of Realtors data showed July 24.

The world is leaning less on its biggest economy to sustain the global recovery, according to the International Monetary Fund.

ACT Research President Kenny Vieth and ATA Chief Economist Bob Costello discuss takeaways from the July 20, 2017, ATA Economic Summit with TT's Ari Ashe. The summit brought together economists from various industries.

The consumer goods and housing sectors of the U.S. economy are on stable footing and should continue to expand moderately through at least 2018, as long as the nation can avoid self-manufactured traps, according to panelists at a trucking industry seminar on the economy.