Things are looking up for the US economy as business capital investments have fared better than economists had initially expected, as the American “economy slowly comes back to life.”

In an op-ed for Breitbart News, author John Carney claimed that the US economy is starting to recover as a result of the devastating global economic and health crisis. “The upswing has not been anywhere near as sharp as the downturn, however, which suggests the recovery is proceeding slowly and, perhaps, deliberately,” Carney wrote.

That had been true, especially since the country’s core capital orders did better than the earlier projections from economists. Initially, experts predicted that it would hit a 10-15% decline in April. However, the Commerce Department showed that the core capital orders only fell by 5.8 percent. This serves as an important marker since core capital orders are a good indicator of “future economic growth.”

The data suggested that businesses continued to invest in equipment, despite the nation’s economic shutdown, as well as mandatory stay-at-home orders. Experts believe that some of the expenses were purchased to allow employees to work from home to ensure their safety.

On Wednesday, a separate report from the Commerce Department claimed that although business investment was low during the first three months of 2020, it was not as bad as they had expected. For example, fixed nonresidential investment only fell by 7.9 percent, better than the 8.6 percent projections from the Department.

In addition, durable goods fell by 16.6 in March and went up to 17.2 percent in April. Despite the decline, this did not meet the 18 to 19 percent projected loss. According to the Department, one of the most hard-hit industries in the US was the nation’s factories. However, despite the downturn in the blue-collar sector, factories are starting to re-open and bounce back.

Just last week, automakers such as Ford, GM, and Chrysler have also resumed productions. GM had already allowed 15,000 of their 48,000-factory workers to report back to work, and many more are expected to go back in the following weeks. On the other hand, Chrysler has also called in a third of their workforce or around 16,000 of its employees to work.

Things are also starting to look up for the country’s stock market. Just this week, the Dow Jones Industrial Average surged to 500 points or 2.2 percent, after months of decline. Moreover, the S&P 500 also had a 1.2 percent spike, and the Nasdaq had a 0.2 percent gain. The recent increase may be attributed to Biotech companies and their promise of developing coronavirus vaccines.

For example, Novavax, a Maryland-based biotech company, had a 4.5 increase in its shares. Interest rose as the company already moved on to its first human study for the experimental COVID-19 vaccine. Another biotech company, Moderna, also received positive results from its vaccine. Currently, there are other 114 vaccines under preclinical evaluation.

In an interview with Forbes, Peter Essele, head of portfolio management for Commonwealth Financial Network, attributed the growth to the fact that “Stock markets posted another day of gains as investor optimism was stoked by easing social distancing restrictions and an economy poised for action.”

According to Politico, Democrats have become increasingly worried about a Trump economic comeback. In a report from top Obama economist, Jason Furman, his calculations predicted that Trump might show the best economic data the country had ever seen. A former Obama official agreed with Furman’s predictions, explaining that “Even today when we are at over 20 million unemployed Trump gets high marks on the economy, so I can’t imagine what it looks like when things go in the other direction,