Business Conditions

“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

“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

“Initial claims fell sharply last week, suggesting a strengthening economy as government restrictions on consumers and businesses are eased.” – Robert Hughes

“Consumer credit jumped in February as vaccine distribution and easing government restrictions boost economic activity.” – Robert Hughes

“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

“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

“Light-vehicle sales surged in March, moving to the top of the recent range. The gain was broadbased across most segments.” – Robert Hughes

“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

“The Institute for Supply Management survey of manufacturers suggests broadening expansion for the sector in March.” – Robert Hughes