Industrial Output Rebounds in March
“Industrial output rebounded in March though the sector has a way to go for complete recovery. Other recent data suggest the economic outlook is improving significantly.” – Robert Hughes
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Retail Sales Surged to a Record High in March
“Retail sales surged to a record high in March. The last three months combined indicate a strong first quarter and along with other recent data suggest a sharply improved outlook.” – Robert Hughes
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Sharp Drop in Initial Claims Boosts Economic Outlook
“Initial claims fell sharply last week, suggesting a strengthening economy as government restrictions on consumers and businesses are eased.” – Robert Hughes
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Energy Price Surge Continues to Drive Everyday Prices Higher
“AIER’s Everyday Price Index jumped 1.2 percent in March as energy prices surged for a third consecutive month.” – Robert Hughes
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AIER Leading Indicators Index Hits Highest Level Since 2018
“The AIER Leading Indicators index rose to 92 in March, the highest since 2018, as declining government restrictions boost current economic activity and the outlook for future growth.” – Robert Hughes
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Consumer Credit Jumped in February
“Consumer credit jumped in February as vaccine distribution and easing government restrictions boost economic activity.” – Robert Hughes
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Initial Claims Rise Again but the Outlook for Jobs Remains Positive
“Initial claims ticked up for the second consecutive week, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes
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Job Openings Rates Hit Record Highs
“The job openings rate hit a record in February, adding to the run of improved labor market data. Continued reductions of lockdown rules are boosting the economic outlook.” – Robert Hughes
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Light-Vehicle Sales Jumped in March
“Light-vehicle sales surged in March, moving to the top of the recent range. The gain was broadbased across most segments.” – Robert Hughes
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Broad Strength in the Labor Market in March
“Payrolls posted a strong gain in March, showing that economic recovery will likely gain momentum as government restrictions on consumers and businesses are lifted.” – Robert Hughes
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Manufacturing Survey Suggests Strong Momentum
“The Institute for Supply Management survey of manufacturers suggests broadening expansion for the sector in March.” – Robert Hughes
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Initial Claims Rise but the Outlook for Jobs is Improving
“Initial claims ticked up from the prior week’s pandemic low, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes
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