May 3 2021

.Unit car and truck sales climbed 3.1% in April to an 18.5 million pace after having surged by 12.6% in March.  The March and April gains in car sales were boosted by the $1,400 tax refund checks associated with the $1.9 trillion fiscal stimulus package passed in March..

For what it is worth, we expect an increase in retail sales for April of 3.8% after having risen 9.8% in March.,

We expect GDP growth of 11.0% in Q2, and 8/0% growth for 2021 as a whole.

Stephen Slifer

NumberNomics

Charleston, SC