Is the economy growing or slowing?
Company profits follow the economy, and turns in demand show up first in spending, hiring, orders and freight. Reading twenty indicators together gives a steadier picture than any single headline number.
Updated Oct 8, 2026
Steady
10 of 20 indicators are stronger than usual against their last ten years and 5 are weaker. Strongest: New jobless claims, 197K new claims a week. Weakest: 30-year mortgage rate, 7.40%.
Over time
Select any group or indicator. Score is demand against the last ten years; Value is the reading itself.
Every indicator
Sorted by score. Change is the move in score over three months. Data arrive weekly, monthly or quarterly, so dates differ. Select a column to sort.
| Indicator | Demand | Latest | 3M change | As of | Score, 3 years |
|---|---|---|---|---|---|
New jobless claims Weekly initial jobless claims. | 98Strong | 197K new claims a week | +32 pts | Oct 3, 2026 | |
Business equipment orders Nondefense capital goods ex aircraft. | 96Strong | +14.1% on a year ago | +8 pts | Aug 1, 2026 | |
Power and gas output IP for electric + gas utilities. | 92Strong | +6.2% on a year ago | +31 pts | Aug 1, 2026 | |
Planned business spending Philly Fed expected future capital expenditures. | 89Strong | +37.1 on the survey index | −9 pts | Sep 1, 2026 | |
New factory orders Philly Fed current new orders diffusion. | 86Strong | +29.2 on the survey index | +3 pts | Sep 1, 2026 | |
Factory order backlog Manufacturers' unfilled orders — the work-in-pipeline read. | 83Strong | +8.8% on a year ago | −1 pts | Aug 1, 2026 | |
Chip output IP for semiconductor + electronic component manufacturing. | 77Strong | +12.4% on a year ago | 0 pts | Aug 1, 2026 | |
Retail sales after inflation Real (inflation-adjusted) retail sales. | 73Strong | +2.5% on a year ago | +14 pts | Aug 1, 2026 | |
Computer and electronics output IP for computer + electronic products. | 63Strong | +1.3% on a year ago | −10 pts | Aug 1, 2026 | |
Building permits Building permits — strongest housing pipeline indicator. | 60Strong | +4.2% on a year ago | +21 pts | Aug 1, 2026 | |
Job openings Total job openings. | 58Steady | +2.3% on a year ago | −1 pts | Aug 1, 2026 | |
Online sales Quarterly e-commerce retail. | 55Steady | +12.2% on a year ago | +8 pts | Apr 1, 2026 | |
Rail freight US rail freight carloads. | 55Steady | +0.6% on a year ago | −17 pts | Jul 1, 2026 | |
Crude oil stockpiles Weekly US commercial crude oil inventories. | 42Steady | +0.9% on a year ago | −20 pts | Oct 2, 2026 | |
Gasoline demand Weekly finished motor gasoline product supplied — implied retail/commercial gasoline demand. | 40Steady | −1.7% on a year ago | −45 pts | Oct 2, 2026 | |
Car and truck sales Total light vehicle sales, SAAR (millions of units annualized). | 28Soft | −3.4% on a year ago | −52 pts | Sep 1, 2026 | |
Oil demand Total weekly product supplied — EIA's implied total petroleum demand. | 12Soft | −7.2% on a year ago | −50 pts | Oct 2, 2026 | |
Consumer sentiment University of Michigan Consumer Sentiment Index. | 6Soft | 51.7 on the index | +5 pts | Aug 1, 2026 | |
Diesel demand Weekly distillate fuel oil product supplied. | 6Soft | −16.0% on a year ago | −9 pts | Oct 2, 2026 | |
30-year mortgage rate 30-year fixed mortgage rate. | 1Soft | 7.40% | −25 pts | Oct 8, 2026 |
How to read this page
How it’s measured. Public economic data from the Federal Reserve, Census Bureau and Energy Information Administration, as tracked on Stox Pulse. Each indicator is scored against its own last ten years, turned so that 100 always means the strongest demand.
Sources. Economic data from FRED, the Census Bureau and the Energy Information Administration from Stox Pulse.
Indicators that are better when lower, such as jobless claims and mortgage rates, are turned around so a high score always means stronger demand. Survey indexes are scored on their level; most others on their change from a year earlier.
These readings describe the economy as reported, with delays of a week to a quarter. The stock market often moves before the data do.
This page is information, not investment advice. About our data and methods ›