Monthly reports for March included the Index of Leading Indicators, up slightly. The Empire State survey showed a little contraction; the Philly Fed survey, a little expansion. Wholesale inventories increased, while sales were flat. Industrial production declined significantly. Housing starts rebounded, but by less than expected. On the other hand, revised housing permits for February tied their November high. Both nominal and real retail sales also increased, taking back their February decline. Consumer sentiment about the present and the future increased.