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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.
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Though still in contraction, it followed a July decline, while respondents emphasized the uncertainty and challenges that have come with tariff-driven price increases.
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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.
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Stocks jumped Friday following U.S. Federal Reserve Chairman Jerome Powell's remarks at the central bank's annual symposium in Jackson Hole, WY.
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U.S. industrial production fell in July as mining and utilities declined, while factory output missed expectations with a flat month.
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U.S. producer prices rose sharply in July, driven by broad increases in service and goods costs, signaling renewed inflationary pressures.
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Consumer prices continued to rise in July, with inflation aligning with expectations for the first time in recent months, according to the latest CPI report.
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It was a solid sales gain following a May decline that was revised down further and a flat April.
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HVACR distributor-members of HARDI reported an increase in sales in June following a decline in May.
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