According to data released today, demand for firearms re-accelerated in March and remains at an elevated rate. Pipeline Data believes that firearm background checks exceeded expectations in March, exhibiting exceptional seasonal strength.

The firm estimates that over 2.2 million checks were performed through the FBI’s National Instant Criminal Background Check System (NICS). This represents the fourth straight month over 2 million and the fourth highest total ever.

The annual growth rate ticked up to 86%, the third highest growth rate on record — a surprise reversal of the deceleration exhibited in February.

Read more at SeekingAlpha.com

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