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More signs of a strengthening recovery

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Broad-based surge in retail sales, driven by stimulus and more vaccinations. Initial jobless claims drop. Consumer comfort up. Industrial production recovers in March from the weather-driven decline in the previous month. Regional manufacturing indexes show strong factory activity in early Q2. Strong builder confidence bodes well for housing starts in the near-term. Business inventories still too low relative to sales, due to supply chain issues.

Ned Davis Research | Economics | U.S. Daily Economic Perspectives | Daily

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