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 January 2022, the seasonally adjusted annual rate (SAAR) is 15.0 million light vehicle units according to the Bureau of Economic Analysis.

Detroit Metropolitan Airport experienced a 1.1 million increase in total passengers in the month of October 2021 compared to the same month last year. While U.S. airports saw a 134% increase year-over-year in airport travelers in September 2021

Consumer sentiment increased by 3.2 percentage points in December 2021. In April 2020 consumer sentiment decreased by 18.1 Index-points, the largest monthly decline ever recorded.

The Manufacturing PMI® registered at 58.7% in December, an increase of 2.4 percentage points from November, according to the Institute for Supply Management® (ISM®).

Real gross domestic product (GDP) increased at an annual rate of 2.3 percent in the third quarter of 2021, according to the estimate released by the Bureau of Economic Analysis.