That’s half the growth from the initial estimate and a fraction of the 4.4% seen in 3Q.
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It suggests housing market momentum after two solid growth months beat expectations to start the year.
It continues a solid growth period for the market after 2025 shipments ended the year up 2.5% annually.
A largely neutral February likely gives the Federal Reserve more reason to maintain interest rates when the group meets on March 17-18.
Orders sunk from their December record high, but were up year-over-year despite volume maintaining a longer-term low trend.
A modest January same-day sales decline follows a larger decline in December, though HARDI said the soft past couple months isn't out of the ordinary for seasonality.
The modest decrease suggests sustained early-year momentum as 12 of 17 manufacturing sectors remained in growth territory.
The topline figure snapped three straight months of decline, though nonresidential spending saw a sharp decline.
The subindex for final demand services drove the increase, largely traced to a spike in margins for wholesalers of professional and commercial equipment.
We break down the latest key industry figures for both December and the full year, including a look at year-to-date and year-over-year wholesale sales by NAICS product category.
We break down the latest key figures out of the Census Bureau’s December report that showed a year-end dip in total orders hampered by volatile aircraft, while capital goods posted a solid increase.
PMA's latest business conditions report showed a modest monthly decline in economic outlook from metalforming manufacturers despite them reporting higher shipping levels during January and expected orders.
After a solid month-to-month and robust year-over-year December gain, market commentary indicates prolonged strong activity through the first half of 2026.Â
GDP growth slowed to less than one-third of the rate it had in 3Q25, missing expectations as it was weighed down by the 43-day shutdown and slower consumer spending.
Always-volatile transportation orders drove the monthly decline, while core capital goods posted a solid increase to end the year.
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Economists had expected December's starts to be flat vs. November.
It topped consensus estimates by a healthy margin, though December’s gain was revised lower.
The monthly CPI had its slowest acceleration since May, and core inflation had its smallest annual move since early 2021.
Total December sales had modest growth, but were helped by an additional selling day vs. a year earlier.
