Pulse — where demand is changing

20 indicators · built Aug 17, 2026
Demand pulseMixed91109 of 20 accelerating this month
macro▲2▼2energy▲1▼4semis▲1▼1consumer▲2▼2housing▼2labor▲2freight▲1
Accelerating demandΔnow
E-commerce Retail Salesconsumer+0.64+0.43
Philly Fed — New Ordersmacro+0.14+0.75
Rail Carloadsfreight+0.14+0.21
IP — Semiconductorssemis+0.14+0.38
Capex Orders (ex Aircraft)macro+0.13+0.65
Decelerating demandΔnow
Gasoline Suppliedenergy-0.36-0.08
Petroleum Products Suppliedenergy-0.34-0.36
Total Vehicle Salesconsumer-0.26-0.07
Philly Fed — Future Capexmacro-0.25+0.51
Crude Oil Stocksenergy-0.15-0.10
Philly Fed — New Orders
+0.75
+4.03mo37
diffusion indexJul 1, 2026
Capex Orders (ex Aircraft)
+0.65
+2.5%3mo85.4B
USD millionsstale · Jun 1, 2026
Philly Fed — Future Capex
+0.51
-5.13mo30.1
diffusion indexJul 1, 2026
Unfilled Orders (Backlog)
+0.19
+3.1%3mo1,590.6B
USD millionsstale · Jun 1, 2026
Gasoline Supplied
-0.08
+2.4%3mo8,964
thousand barrels / daystale · Aug 7, 2026
Crude Oil Stocks
-0.10
-6.3%3mo424,410
thousand barrelsstale · Aug 7, 2026
Industrial Production — Utilities
-0.17
+0.5%3mo110
index, 2017=100stale · Jun 1, 2026
Distillate Supplied
-0.31
+0.9%3mo3,458
thousand barrels / daystale · Aug 7, 2026
Petroleum Products Supplied
-0.36
+3.7%3mo20,635
thousand barrels / daystale · Aug 7, 2026
IP — Semiconductors
+0.38
+4.8%3mo182
index, 2017=100stale · Jun 1, 2026
IP — Computers & Electronics
+0.15
+0.4%3mo101
index, 2017=100stale · Jun 1, 2026
E-commerce Retail Sales
+0.43
+2.7%3mo326.7B
USD millionsstale · Jan 1, 2026
Real Retail Sales
+0.20
+0.5%3mo229.4B
USD millions (real)Jul 1, 2026
Total Vehicle Sales
-0.07
+0.8%3mo16.78
millions (SAAR)Jul 1, 2026
UMich Consumer Sentiment
-0.67
-7.1%3mo49.5
indexstale · Jun 1, 2026
Building Permits
+0.07
+0.8%3mo1,374
thousands (SAAR)stale · Jun 1, 2026
30-Year Mortgage Rate
-0.23
+4.9%3mo6.67
percentAug 13, 2026
Initial Jobless Claims
+0.29
-1.4%3mo209,000
claimsstale · Aug 8, 2026
JOLTS Job Openings
+0.01
+6.9%3mo7,359
thousandsstale · Jun 1, 2026
Rail Carloads
+0.21
+1.4%3mo1,006,056
carloadsstale · May 1, 2026