January had a modest sales increase, continuing growth following December’s spike.
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Government data showed a slight decrease in January spending month-to-month, following a healthy 0.5% increase in December.
The overall reading remained in expansion territory after nine straight months of contraction that ended in January.
The U.S. Bureau of Economic Analysis reported a rise in personal income for January, while personal outlays and consumption expenditures saw a decline.
The U.S. Census Bureau’s report showed a substantial gain in wholesale inventories following a four-month slide.
Meanwhile, Trump said Thursday that the broader 25% tariffs on goods from Canada and Mexico remain set to begin March 4.
U.S. durable goods orders had a health rise in January after declining in four out of the five previous months.
The survey showed U.S. consumer sentiment continued to decline in February, reporting the highest year-ahead inflation reading since November 2023.
U.S. cutting tool consumption declined in December as economic uncertainties and a stagnating aerospace market shape a slower recovery in 2025.
Industrial production increased in January, driven by gains in utilities and business equipment despite declines in manufacturing and mining.
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Wholesale prices remained particularly elevated in January, driven by increases in both final demand and core prices.
The Consumer Price Index rose month-to-month and year-over-year, both surpassing expectations with increases in shelter, food and core inflation.
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The new order includes a rule requiring foreign steel and aluminum material to be processed within North America.
However, orders ended the year with strong momentum.
Inventories felll again in December amid strong sales, government data showed.
The report showed a second consecutive monthly decrease, 0.9% in December and 0.8% in November, for new orders.
As the Trump administration's tariffs against key trading partners are sure to remain fluid, prominent industry associations and trade groups shared statements emphasizing concern over business impacts.
Government data showed an increase in December, following a flat November.
