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
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