This comprehensive NAW 3Q26 Forecast Report is a guide to the U.S. wholesale distribution economy, providing a historical, current and future snapshot of numerous key economic indicators in one convenient place along with our exclusive sector-specific forecasts for 19 different product categories.
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Manufacturing output was flat month-over-month, while mining and utilities both had modest increases. Get all the key figures here.
U.S. housing starts bounced back in June after a sharp May decline, driven by a jump in multifamily construction. Building permits declined both month-to-month and year-over-year, while completions increased.
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The latest Producer Price Index showed wholesale prices fell in June as energy costs retreated sharply, while underlying inflation remained more subdued, offering a calmer inflation picture after May's energy-driven surge.
Consumer inflation eased considerably during June as gasoline prices reversed course, while core prices were unchanged month-over-month and posted their smallest annual increase since early 2021.
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Month-over-month orders declined for a second straight month, but to a much smaller degree than April, while year-over-year totals remain robust. Get the key figures and context here.
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The number of units shipped decreased for a second straight month after rising in March and February.
Petroleum products continued to lift nondurable goods sales, while durables saw widespread acceleration as inventory-to-sales ratios continue to slide, indicating demand is outpacing stockpiles. Here, get a full breakdown of product vertical-specific figures for monthly and year-over-year sales and inventories from the latest government data.
The IMF’s July World Economic Outlook update projects 3.0% global growth in 2026, down 0.1 percentage point from April, as war-driven energy pressure and stalled disinflation offset technology investment gains.
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It followed a 4.5% April increase, marking a downtrodden start to the first meaningful month of cooling season.
U.S. construction spending edged higher in May, helped by continued public sector gains and residential improvement. Private nonresidential spending, however, declined for an eighth straight month. Get all the key data and charts here.
The economic indicator was expected to hold or modestly tick down, as indices for new orders and production both declined month-over-month.
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The figures suggest goods continued accumulating across distribution channels, albeit at a slower pace than April, and we'll find out if sales kept pace when the government's full wholesale trade report publishes July 8.
The U.S. economy grew faster in early 2026 than previously reported, but the upward revision was driven mostly by a lower imports estimate while consumer spending and key distributor-facing sectors softened.