Following a healthy increase in February, total U.S. construction spend is down in March across the board in both private and public projects.
Latest In Economic Trends
The U.S. industrial health gauge retreated further into contraction, hampered by lower production and export orders.
The results also show that distributors warn new tax increases could add to mounting financial pressures across the industry.
It followed healthy growth of 2.4% in 4Q24.
Meanwhile, February's monthly figure was revised upward.
Less than one-fifth of respondents' expect economic conditions to improve over the next three months.
U.S. durable goods orders surged in March, far exceeding forecasts, driven by a jump in transportation equipment as firms rushed to beat potential tariffs.
Our first quarter MarketPulse shares a wealth of data from the 1Q25 Baird-MDM Industrial Distribution Survey that covered respondents' revenue performance, pricing updates and expectations for the current quarter and rest-of-year, plus plenty of commentary.
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U.S. cutting tool consumption declined in February compared to both the previous month and the same month last year, reflecting ongoing market uncertainty.
The March report showed a month-to-month decline in housing starts but an annual increase, with permits and completions also showing mixed trends.
U.S. industrial production fell in March, reversing February’s sharp gain and missing market expectations amid a drop in utility output.
U.S. manufacturing technology orders rose nearly in February, with gains from contract machine shops and signs of investment.
U.S. consumer sentiment dropped drastically in April, marking its fourth straight monthly decline amid rising inflation concerns and economic uncertainty.
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The report showed that PPI fell in March, marking the first decline since October 2023 and below economists’ expectations of a rise.
The report showed the first month-over-month decrease for overall consumer prices in nearly five years.
The February report showed a strong increase in sales and inventories, reflecting positive growth across both durable and nondurable goods. Frontloading ahead of tariff impacts undoubtedly played a key factor.
