This week’s economic reports were few. Real GDP grew at a healthy pace during the 1st quarter. Jobless claims eased a little. With the vaccines rolling out and economic prospects improving, consumer confidence rose to a 14-month high. This is showing up in consumer spending, which was also aided by the large infusion of transfer payments. Durable goods orders improved, and the regional manufacturing surveys continue to signal expansion of the sector in April. Our CAB leading indicator is signaling solid expansion of commerce, trade, and industry.