Government data showed a slight decrease in January spending month-to-month, following a healthy 0.5% increase in December.
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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.
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Learn how aligning rebates strategy with clear goals can prevent costly pricing misalignments within distribution.
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U.S. cutting tool consumption declined in December as economic uncertainties and a stagnating aerospace market shape a slower recovery in 2025.
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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.
