SINGAPORE (April 27): Even with the improvement of US household and business confidence, as indicated by the rebound in consumption-related soft data since the US presidential elections, ABN AMRO Group Economics is mindful that hard data has yet to catch up to reflect this optimism.

In a financial markets research report issued on Wednesday, senior economist Maritza Cabezas highlights that a widening gap between soft data (surveys) and hard data, such as retail spending figures, that is characteristic of Donald Trump’s first 100 days in office.

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