U.S. construction spending edged higher in May, helped by continued public sector gains and residential improvement. Private nonresidential spending, however, declined for an eighth straight month. Get all the key data and charts here.
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The economic indicator was expected to hold or modestly tick down, as indices for new orders and production both declined month-over-month.
The figures suggest goods continued accumulating across distribution channels, albeit at a slower pace than April, and we'll find out if sales kept pace when the government's full wholesale trade report publishes July 8.
The U.S. economy grew faster in early 2026 than previously reported, but the upward revision was driven mostly by a lower imports estimate while consumer spending and key distributor-facing sectors softened.
The value decrease followed a March surge, though the year-to-date remains robust vs. 2025.
ISM’s Spring 2026 Supply Chain Planning Forecast shows higher revenue, capital spending and capacity utilization expectations for both manufacturing and services.
The Fed held rates steady again in its June meeting, maintaining its benchmark range at 3.5%-3.75% while signaling that persistent inflation — rather than slowing growth — remains policymakers’ top concern in the first FOMC meeting led by new Chair Kevin Warsh.
It signals continued languishing market conditions, as April's decline was likewise revised sharply downward. May's figure was its lowest since the height of COVID-19 lockdowns.
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Overall industrial output decelerated considerably month-over-month as solid durable goods production was negated by an equal nondurable decline.
Core wholesale inflation came in below forecasts, indicating that fuel costs tied to the ongoing Iran war conflict are causing most of the inflation burden.
Surging energy prices continue to skew top-line CPI results, while core inflation trailed market expectations and decelerated month-over-month. Get the key numbers and charts here.
Sales continue to outpace inventories as petroleum products saw another considerable monthly gain tied to the Iran war conflict, but to a much lesser degree than March. Here, view product vertical-specific figures for monthly and year-over-year sales, inventories and inventory/sales ratios pulled from the Census Bureau's latest wholesale trade report.
Monthly orders unsurprisingly fell from March's surprising surge, with momentum seen in the sector's largest customer group — machine shops — while orders from aerospace manufacturers indicate investment in less sophisticated technology.
The monthly durable goods increase was its best since May 2025, largely driven by transportation equipment and nondefense aircraft. Get our full breakdown of the data here.
Same-day sales were up by 4.5% vs. March, with major variation between warmer/cooler regions.
Solid housing construction spend more than offset a third straight private nonres decline. Get the full numbers and growth/decline changes here.
Meanwhile, three-fourths of survey commentary was negative, with more than half of comments citing pricing volatility as an issue and plenty of others mentioning the Iran war.
Wholesale inventories continued to climb in April after sharp gains in February and March, though the latest advance came in below market expectations — a possible sign that recent stockloading is cooling.
U.S. housing starts declined in April as single-family construction slowed, while building permits rebounded month-over-month amid continued volatility in residential construction activity.
