by Ian Shephardson of Pantheon MacroEconomics The first indication that January’s warmer-than usual weather would boost economic activity was the spike in auto sales, reported on February 1. New unit car and light truck sales jumped nearly 18% month-to-month, taking sales to their highest level since May 2021. The retail sales data subsequently reported a 6.4% increase in nominal sales…
February Auto Sales will Mark a Turn in the Data as the January Boost Fades
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