This is quite a drop from 31.2 but that's looking like it was a big outlier, perhaps related to the election. The good news for the Fed here is that pricing indications are declining the bad news is that new orders are at a six-month low.
Another notable rise is in inventories, which rose at the highest pace since early 2023 while the future measure of inventories is the highest since early 2022; both likely on stockpile building ahead of potential tariffs.
Current Conditions:
Six Month Forward-Looking Indicators:
This article was written by Adam Button at
www.forexlive.com.
