News & Insights

Home Price Growth Remains Muted Despite Spring Gains

In April, the S&P Cotality Case-Shiller U.S. National Home Price Index recorded a 0.8% annual gain, up slightly from a 0.7% rise in March. The 10-City Composite increased 1.8%, up from 1.5% the previous month, while the 20-City Composite moved up 1.1% year-over-year, up from 0.9% in March. Chicago again posted the highest annual gain …

Consumers See a Brighter Outlook, Even with Current Conditions Under Strain

Consumer confidence inched up 0.6 points in June to 91.2. Among its components, the Present Situation Index contracted while the Expectations Index improved as customers’ concerns regarding the present situation worsened and concerns about the future eased. The Present Situation Index, reflecting current business and labor market conditions, declined 3.0 points to 116.4. Meanwhile, the …

Aircraft Orders Pull Factory Demand Lower, While Shipments Continue to Advance

New orders for manufactured goods decreased 1.3% in May after increasing 5.3% in April. Meanwhile, new orders for manufactured goods rose 5.1% over the year. When excluding transportation, new orders stepped up 1.9% over the month and 5.5% year-over-year in May. Orders for durable goods fell 4.5%, following an 8.5% jump in April. Year to …

Global Manufacturing Growth Weakens with Hiring and Optimism Losing Ground

In June, growth in global manufacturing weakened from May, decreasing from 52.7 to 52.2. Output and new orders both improved but at slower paces than the prior month. Meanwhile, lead times lengthened and remain near four-year highs. Employment declined while inventory levels continued to grow as firms prepare for anticipated supply chain disruptions and further …

Texas Factory Activity Slows, but Uncertainty Eases

In June, Texas factory activity expanded at a slower pace after weakening the prior month. The production index decreased from 9.4 to 4.1, remaining below the series average of 9.6. The new orders index stepped down 4.1 points to 2.3, while the capacity utilization index rose 2.1 points to 7.3, slightly below the series average …

Manufacturing Growth Moderates as Optimism Weakens

The S&P Global U.S. Manufacturing PMI was 53.9 in June, down from 55.1 in May, signaling weaker growth. Production rose in June, while supported by domestic demand, new orders continued to grow but at their softest pace since March. At the same time, employment fell, while optimism declined to its lowest level since October 2025. …

Labor Demand Strengthens and Hiring Holds Steady

Job openings for manufacturing rose by 33,000 to 529,000 in May. At the same time, the April job openings level of 496,000 was revised upward from 474,000 in the previous report. Nondurable goods openings in May increased 13,000 to 175,000, while durable goods job openings moved up 20,000 to 354,000. The manufacturing job openings rate …

Payroll Growth Slows, While Manufacturing Adds Jobs

Nonfarm payroll employment increased by 57,000 in June, coming in below expectations. Meanwhile, April’s job gain was revised downward by 31,000 to a gain of 148,000, while May’s job gain was revised downward by 43,000 to 129,000 jobs. The 12-month average stands at 42,200 jobs gains per month. Health care and social assistance exhibited the …

NAM: Federal Court Ruling Is a Win for Manufacturers

Washington, D.C.–Following the U.S. District Court for the Eastern District of Pennsylvania’s decision denying plaintiff’s request to amend their complaint in Martinez v. Kraft Heinz Company, Inc., et al.—a ruling in favor of food and beverage manufacturers—National Association Manufacturers Chief Legal Officer & Corporate Secretary Linda Kelly released the following statement: “The Eastern District of …