Sort of a mixed bag.

5 positive indicators
3 negative indicators
2 that were a "wash"

1. GDP: "Real GDP, which is adjusted for inflation, grew at an annual rate of 3.0%
in the second quarter of 2025 (April, May, and June), according to the advance
estimate released by the U.S. Bureau of Economic Analysis."

2. Employment Figures: "The U.S. unemployment rate in June 2025 was 4.1%.
This rate has remained relatively stable, fluctuating between 4.0% and 4.2%
since May 2024, according to the Bureau of Labor Statistics."

3. Industrial Production: "US Industrial Production increased by 0.3% in June,
following no change in April and May. This rise contributed to a 1.1% annualized
increase in industrial production for the second quarter."

4. Consumer Spending: "In June 2025, U.S. consumer spending increased by
0.3%, rebounding from a flat reading in May but slightly below forecasts."

5. Inflation: "Increased to 2.7%, up from 2.4% in May. This represents the highest
level since February 2025. Core inflation (excluding food and energy) Increased by
2.9% over the past 12 months The monthly increase (seasonally adjusted) was 0.2%."

6. Home Sales: "Existing-home sales in the US experienced a 2.7%
decrease in June, dropping to a seasonally adjusted annual rate of 3.93 million units,
according to the National Association of REALTORS. This marks the lowest sales
pace since September 2024."

7. Home Building: "US home building is seeing a mixed bag, with overall starts
up but single-family starts down. Multifamily construction is experiencing a boost,
while single-family home-building has seen declines."

8. Construction Spending: "The total value of construction work completed in the
US during May 2025 was estimated at a seasonally adjusted annual rate of $2,138.2
billion. This represents a decrease of 0.3% compared to April 2025 and a 3.5%
decrease compared to May 2024. This is the seventh consecutive monthly decline
in construction spending."

9. Manufacturing Demand: "U.S. manufacturing demand is strong and growing,
with a projected need for 3.8 million new workers by 2033."

10. Retail Sales: "Advance estimates indicate that US retail and food services sales
for June 2025 were up 0.6% ($720.1 billion) from the previous month and 3.9%
from June 2024."