U.S. Economic Indicators

At the beginning of 2020, approximately 16.9 million light vehicle units were anticipated to be sold in the United States for the year. In June 2021, the seasonally adjusted annual rate (SAAR) is 15.3 million light vehicle units according to the Bureau of Economic Analysis.

Detroit Metropolitan Airport experienced a 237% increase in total passengers in the month of June 2021 compared to the same month last year. While U.S. airports saw an 24% decrease in airport travelers over the same weekday in 2019.

Consumer sentiment increased by 2.6 percentage points in June 2021. In April 2020 consumer sentiment decreased by 18.1 Index-points, the largest monthly decline ever recorded.

The Manufacturing PMI® registered at 60.6% in June, a decreased of 0.6percentage points from May, according to the Institute for Supply Management® (ISM®).

Real gross domestic product (GDP) increased at an annual rate of 6.4 percent in the first quarter of 2021, according to the estimate released by the Bureau of Economic Analysis.