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While the global inflation picture remains fixed at firmly normal (as in, disinflationary), US retail sales by contrast have been highly abnormal.
Overall IP was down 2.2% in February 2021 when compared to January, which represented a recession-like 4.2% lower level versus February 2020.
Domestic motor vehicle assemblies apparently crashed during February; down an enormous 13% from January, this translated to a seasonally-adjusted annual rate of only 9.2 million.