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Retail sales start 2021 with a bang

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Broad-based jump in retail sales in January, boosted by fiscal stimulus. Industrial production up, but not yet to pre-recession level. Producer prices surge, reflecting both stronger demand and supply challenges. Inventory shortages persist. Builder confidence remains high, implying a continued uptrend in housing starts. Mortgage applications decline, mostly due to a housing shortage and high prices.

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

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