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In the first quarter, the GDP saw a notable uptick, rising by 1.6% annually. March witnessed a surge in real spending on goods, while the personal savings rate hit its lowest point since October 2022. Retail inventories have slimmed down, indicating increased efficiency in supply chains. Moreover, there's a slight increase in nominal core capital goods orders, suggesting ongoing economic activity. In the housing sector, March saw a sharp rise in new home sales, signaling potential growth in the real estate market.

In March, there was a notable increase in manufacturing output, with automotive production nearing a record high. Nonstore retail led the growth in retail sales, while there was a significant drop in housing starts during the same period.

Consumer inflation is sticky in March. Prices in the supply chain saw a slight increase, but at a slower pace compared to February. Additionally, there's a concern over rising diesel prices for freight transportation.

This week saw a significant increase of 303,000 payroll jobs in the U.S. for March, with job openings remaining stable at 8.8 million. Additionally, diesel prices have dropped, and the ISM manufacturing index indicates expansion.

This week's economic data has been sparse, showing minimal changes in manufacturing orders and new home sales for February. Transportation metrics like diesel prices and trucking spot rates have also remained steady.