Pulse — where demand is changing
20 indicators · built May 11, 2026
Accelerating demandΔnow
▲macro+0.57+0.69
▲macro+0.29+0.63
▲energy+0.26+0.22
▲macro+0.23+0.36
▲labor+0.17+0.35
Decelerating demandΔnow
▼energy-0.48-0.28
▼housing-0.48-0.25
▼energy-0.24-0.23
▼macro-0.20+0.37
▼consumer-0.16-0.31
Macro reading
Generating monthly readout…
Philly Fed — New Orders
● +0.69
▲+18.63mo33
diffusion indexApr 1, 2026
Philly Fed — Future Capex
● +0.63
▲+4.93mo35.2
diffusion indexApr 1, 2026
Unfilled Orders (Backlog)
● +0.37
▲+0.8%3mo1,540.9B
USD millionsstale · Mar 1, 2026
Capex Orders (ex Aircraft)
● +0.36
▲+4.7%3mo83B
USD millionsstale · Mar 1, 2026
Industrial Production — Utilities
● +0.22
▼-4.0%3mo110
index, 2017=100stale · Mar 1, 2026
Gasoline Supplied
● -0.02
▲+8.1%3mo8,813
thousand barrels / daystale · May 1, 2026
Distillate Supplied
● -0.23
▼-22.0%3mo3,362
thousand barrels / daystale · May 1, 2026
Petroleum Products Supplied
● -0.28
▼-8.8%3mo19,484
thousand barrels / daystale · May 1, 2026
Crude Oil Stocks
● -0.42
▲+8.8%3mo457,182
thousand barrelsstale · May 1, 2026
IP — Semiconductors
● -0.03
▲+1.1%3mo171
index, 2017=100stale · Mar 1, 2026
IP — Computers & Electronics
● -0.15
▲+1.5%3mo100
index, 2017=100stale · Mar 1, 2026
Real Retail Sales
● -0.04
▲+1.0%3mo227.7B
USD millions (real)stale · Mar 1, 2026
E-commerce Retail Sales
● -0.28
▲+1.9%3mo310.3B
USD millionsstale · Jul 1, 2025
Total Vehicle Sales
● -0.31
▲+1.8%3mo16.7
millions (SAAR)stale · Mar 1, 2026
UMich Consumer Sentiment
● -0.58
▲+0.8%3mo53.3
indexstale · Mar 1, 2026
30-Year Mortgage Rate
● -0.16
▲+4.3%3mo6.37
percentMay 7, 2026
Building Permits
● -0.25
▼-6.3%3mo1,363
thousands (SAAR)stale · Mar 1, 2026
Initial Jobless Claims
● +0.35
▼-13.0%3mo200,000
claimsstale · May 2, 2026
JOLTS Job Openings
● -0.10
▲+4.8%3mo6,866
thousandsstale · Mar 1, 2026
Rail Carloads
● +0.32
▲+3.1%3mo986,498
carloadsstale · Feb 1, 2026