January-March U.S. economic growth contracted more than double than what the previous estimate showed, as rising imports and reduced government spending weighed on output.
Latest In Economic Trends
The survey showed rising confidence among metalformers, with more expecting economic growth and higher incoming orders despite ongoing trade challenges.
U.S. cutting tool consumption rose modestly in April but remains down year-over-year, as market uncertainty and tariff issues continue to delay expected industry growth.
It was the third straight meeting in which the central bank held its benchmark interest rate, while going more conservative in its projection for 2026.
U.S. industrial production dipped in May as utilities output fell sharply, while factory activity rebounded modestly after an April decline.
U.S. consumer sentiment jumped in June, with optimism rising across all groups despite lingering economic concerns and elevated inflation expectations.
The London-based MRO parts distributor said the launch is in response to customers in Europe who voiced an increasing need for clearer insight into the factors impacting factory uptime and long-term performance.
This category can only be viewed by members. To view this category, sign up by purchasing MDM Premium Subscription (monthly) or MDM Premium Subscription (annual).
U.S. producer prices inched higher in May, reflecting a modest rebound in wholesale costs led by services and goods after recent declines.
U.S Inflation remained modest in May, with consumer prices rising both month-over-month and annually.
Citing trade wars, the lender expects 2025 U.S. growth to be half of what it predicted a year earlier.
While monthly orders expectedly retracted, the decline was less than half of a typical April, while year-over-year and year-to-date figures outpace 2024.
The trend reflects the impacts of tariff-driven uncertainty that followed frontloading of goods to start the year.
U.S. factory orders fell in April, snapping a four-month streak of gains, as transportation equipment and aircraft demand plunged.
Manufacturers’ confidence hit a post-pandemic low in NAM’s 2Q25 survey, with rising tariff concerns and slowing growth expectations prolonging uncertainty.
U.S. construction spending dipped in April, marking a second consecutive monthly decline, with drops in both residential and nonresidential private sectors.
U.S. manufacturing activity contracted for the third straight month in May as the ISM’s PMI dipped, falling short of expectations amid ongoing demand weakness.
U.S. wholesale inventories were flat in April, missing expectations, while the trade deficit narrowed sharply on a steep drop in imports.
NetPlus Alliance members remain optimistic about 2025 growth, despite economic uncertainty due to tariff policies.
U.S. GDP remained in contraction territory staying as declines in imports and consumer and government spending offset gains in investment and exports.
