September's PMI rose slightly to 49.1% but stayed in contraction territory as some manufacturers report tariffs driving prices up.
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Surveyed metalforming manufacturers show slightly improved outlook for incoming orders, while shipping levels remain steady.
U.S. durable goods orders were up across all categories in August, Â led by a surge in transportation equipment.
The U.S. Census Bureau reported a slight decline in wholesale and retail inventories in August alongside a declining trade deficit.
July stats suggest modest growth for cutting tools, but areas of concern remain.
The cut was smaller than some were hoping for, but it appears several more will be issued by the end of 2025.
U.S. housing starts declined in August and remain below last year’s levels, with weakness in single-family starts and building permits.
U.S Industrial Production showed a modest rebound in August following a decrease in July.
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Core consumer prices in the U.S. rose in line with market forecasts.
The figures indicate that the industry entered the final third of 2025 with momentum after a strong June and July.
U.S. producer prices marked the first decline in four month after a 0.1% fall.
Orders continued to show monthly volatility, while key indicators suggest an activity slowdown throughout the second half of 2025.
A major new U.S. industrial tenant demand study reveals that occupiers are taking longer to make decisions in the face of uncertainties, but space demand from distributors is still up considerably year-over-year and far outpacing retail.
While not as steep as June’s dive, it was a second-straight decline driven by weak commercial aircraft bookings, while industrial and construction machinery and mateiral equipment saw solid monthly gains.
Substantially lower ocean rates have helped offset some of the higher cost of goods sold that distributors, manufacturers and retailers are incurring from tariffs. Here's the data showing how rates have changed since their spring peak.
U.S. construction spending in July fell .1% below the revised June estimate of $2.140 trillion and 2.8% below the July 2024 estimate, according to U.S. Census Bureau data shared on Sep. 2.
Though still in contraction, it followed a July decline, while respondents emphasized the uncertainty and challenges that have come with tariff-driven price increases.
The U.S. Census Bureau reported a modest rise in wholesale and retail inventories in July alongside a widening trade deficit.
The U.S. economy rebounded stronger this past spring than originally estimated, driven by drop in imports and increased consumer spending. See our added context for what to make of the underlying figures.
