Producer prices are up 1.6% from a year ago, suggesting pipeline inflation pressures are contained. What factories pay for inputs often flows through to consumer prices with a lag. Year-over-year, conditions remain relatively stable.

Construction spending totaled $2168.8B, up 0.3% from last month. Year-over-year, conditions remain relatively stable.

Orders for durable goods—products designed to last 3+ years—totaled $319.9B, down 1.4% from last month. These orders signal business investment intentions and manufacturing demand. The 10.1% year-over-year change represents a significant shift worth monitoring.

Personal income totaled $26.5T in December 2025, up 0.3% from last month. Rising incomes give households more capacity to spend or save. The year-over-year trend of up 4.3% from a year ago suggests gradual but meaningful movement.

Consumer spending reached $21.5T, up 0.4% from last month. This is the broadest measure of what Americans are buying. The year-over-year trend of up 4.7% from a year ago suggests gradual but meaningful movement.

The PCE price index, the Federal Reserve's preferred inflation gauge, is up 2.9% from a year ago. This measure influences Fed decisions on interest rates. The year-over-year trend of up 2.9% from a year ago suggests gradual but meaningful movement.

New home sales are running at 745K annualized, down 1.7% from last month. Sales pace reflects affordability conditions and buyer appetite. The year-over-year trend of up 3.8% from a year ago suggests gradual but meaningful movement.

Industrial production, measuring factory, mining, and utility output, is up 2.3% from a year ago. This gauge reflects the health of the goods-producing sector. The year-over-year trend of up 2.3% from a year ago suggests gradual but meaningful movement.

Housing starts came in at 1.4M annualized units, up 6.2% from last month. New construction activity responds to both buyer demand and builder confidence. The 7.3% year-over-year change represents a significant shift worth monitoring.

Building permits, a forward-looking indicator, are at 1.4M annualized. Permits signal how much construction is in the pipeline for coming months. The year-over-year trend of down 2.2% from a year ago suggests gradual but meaningful movement.

Core inflation, which strips out volatile food and energy costs, is up 2.5% from a year ago. The Fed watches this measure closely since it better reflects underlying price pressures. The year-over-year trend of up 2.5% from a year ago suggests gradual but meaningful movement.

Consumer prices are up 2.4% from a year ago, with the CPI index at 326.6. This measures how much more (or less) households are paying for everyday goods and services compared to last year. The year-over-year trend of up 2.4% from a year ago suggests gradual but meaningful movement.

The unemployment rate stands at 4.3%, down 2.3% from last month. This historically low rate means most people who want jobs can find them. The 7.5% year-over-year change represents a significant shift worth monitoring.

The economy added jobs in January 2026, with total nonfarm employment reaching 158.6M. Job growth signals continued demand for workers across industries. Year-over-year, conditions remain relatively stable.

Labor force participation is at 62.5%, meaning that share of working-age adults are employed or seeking work. Year-over-year, conditions remain relatively stable.

Average hourly wages reached $37.17 in January 2026, up 0.4% from last month. Wage growth affects both workers' purchasing power and businesses' costs. The year-over-year trend of up 3.7% from a year ago suggests gradual but meaningful movement.

Retail sales hit $735.0B in December 2025, down 0.0% from last month. Consumer spending drives roughly 70% of economic activity, making this a crucial health check. The year-over-year trend of up 2.4% from a year ago suggests gradual but meaningful movement.

Import prices are unchanged from a year ago, reflecting changes in global costs and the dollar's strength. Year-over-year, conditions remain relatively stable.

Consumer credit outstanding is $5109.4T, up 0.5% from last month. Growing credit can signal confidence or stretched budgets depending on the economic context. The year-over-year trend of up 3.3% from a year ago suggests gradual but meaningful movement.

There are 6.5M job openings across the economy, down 5.6% from last month. High openings relative to unemployed workers typically gives employees more bargaining power. The 12.9% year-over-year change represents a significant shift worth monitoring.