U.S. selected services total revenue for the first quarter of 2026, adjusted for seasonal variation but not for price changes, was $6,223.1 billion, an increase of 1.1 percent (+/- 0.4 percent) from the fourth quarter of 2025 and up 6.5 percent (+/- 0.4 percent) from the first quarter of 2025. The fourth quarter of 2025 to first quarter of 2026 percentage change was revised from the advance estimate of 0.9 percent (+/- 0.4 percent).

1st Qtr 2026: +1.1 % Change
4th Qtr 2025 (r): +0.8 % Change

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Total U.S. Business Applications were 523,971 in May 2026, up 3.7% from April 2026.

May 2026: +3.7° % Change
April 2026 (r): +2.3° % Change

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April 2026 sales of merchant wholesalers were $789.1 billion, up 2.0 percent (+/- 0.5 percent) from last month. End-of-month inventories were $940.3 billion, up 0.6 percent (+/- 0.4 percent) from last month.

April 2026: +0.6 % Change in Inventories
March 2026 (r): +1.5 % Change in Inventories

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The nation's international trade deficit in goods and services decreased to $55.9 billion in April from $56.6 billion in March (revised), as exports increased more than imports.

April 2026: -1.2° % Change
March 2026 (r): 2.9° % Change

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Not seasonally adjusted after-tax profits for retail corporations with assets of $50 million and over were $62.6 billion for the first quarter 2026 (the 3 months ending April 30, 2026), down $0.3 (+/- 0.1) billion from fourth quarter 2025 (the 3 months ending January 31, 2026).

1st Qtr 2026: -0.3 Billions of Dollars
4th Qtr 2025 (r): +9.5 Billions of Dollars

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Manufacturing corporations' not seasonally adjusted after-tax profits were $282.8 billion for the first quarter of 2026, up $48.2 (+/- 1.0) billion from fourth quarter of 2025.

1st Qtr 2026: +48.2 Billions of Dollars
4th Qtr 2025 (r): -17.4 Billions of Dollars

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New orders for manufactured goods in April, up five of the last six months, increased $30.1 billion or 4.8 percent to $662.7 billion.

April 2026: +4.8° % Change
March 2026 (r): +1.8° % Change

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Total construction activity for April 2026 ($2,172.4 billion) was 0.4 percent (+/-0.7 percent)* above the revised March 2026 ($2,164.5 billion).

April 2026: +0.4* % Change
March 2026 (r): +0.2* % Change

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April end-of-month inventories were $938.6 billion, up 0.5 percent (+/- 0.4 percent) from last month.

April 2026: +0.5 % Change in Inventories
March 2026 (r): +1.5 % Change in Inventories

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The advance international trade deficit in goods decreased to $82.4 billion in April from $85.3 billion in March as exports increased more than imports.

April 2026: -3.4° % Change
March 2026: 4.3° % Change

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April 2026 end-of-month inventories were $827.3 billion, up 0.7 percent (+/-0.2 percent) from last month.

April 2026: +0.7 % Change in Inventories
March 2026 (r): +0.7 % Change in Inventories

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Sales of new single-family houses in April 2026 were at a seasonally adjusted annual rate of 622,000. This is 6.2 percent (+/- 12.8%)* below the revised March 2026 estimate of 663,000.

April 2026: -6.2* % Change
March 2026 (r): +3.4* % Change

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