U.S. cutting tool consumption rose modestly in April but remains down year-over-year, as market uncertainty and tariff issues continue to delay expected industry growth.
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U.S. producer prices inched higher in May, reflecting a modest rebound in wholesale costs led by services and goods after recent declines.
U.S Inflation remained modest in May, with consumer prices rising both month-over-month and annually.
Citing trade wars, the lender expects 2025 U.S. growth to be half of what it predicted a year earlier.
While monthly orders expectedly retracted, the decline was less than half of a typical April, while year-over-year and year-to-date figures outpace 2024.
The trend reflects the impacts of tariff-driven uncertainty that followed frontloading of goods to start the year.
U.S. factory orders fell in April, snapping a four-month streak of gains, as transportation equipment and aircraft demand plunged.
Manufacturers’ confidence hit a post-pandemic low in NAM’s 2Q25 survey, with rising tariff concerns and slowing growth expectations prolonging uncertainty.
U.S. construction spending dipped in April, marking a second consecutive monthly decline, with drops in both residential and nonresidential private sectors.
U.S. manufacturing activity contracted for the third straight month in May as the ISM’s PMI dipped, falling short of expectations amid ongoing demand weakness.
U.S. wholesale inventories were flat in April, missing expectations, while the trade deficit narrowed sharply on a steep drop in imports.
NetPlus Alliance members remain optimistic about 2025 growth, despite economic uncertainty due to tariff policies.
U.S. GDP remained in contraction territory staying as declines in imports and consumer and government spending offset gains in investment and exports.
Consumption increased during March 2025 trail year-ago levels, reflecting persistent year-over-year declines.
U.S. durable goods orders declined in April for the first time in four months, led by a sharp drop in transportation equipment.
