- General Business Activity -0.2 in Mar. vs. +0.2 in Feb.; negative for the 12th time in 14 mths.
- Company Outlook (-3.5) and Production (6.8) at three-month lows.
- New Orders Growth (2.2) positive for a second mth.; New Orders (6.1) lowest since Dec.
- Employment (-1.0) negative for the first time in three mths.
- Prices Received up 0.5 pt. to 18.4; Prices Paid up 1.0 pt. to 32.7.
- Future General Business Activity down 2.1 pts. to 10.6, still positive for the 11th straight mth.
Introducing
Winnie Tapasanun
in:Our Authors
Winnie Tapasanun has been working for Haver Analytics since 2013. She has 20+ years of working in the financial services industry. As Vice President and Economic Analyst at Globicus International, Inc., a New York-based company specializing in macroeconomics and financial markets, Winnie oversaw the company’s business operations, managed financial and economic data, and wrote daily reports on macroeconomics and financial markets. Prior to working at Globicus, she was Investment Promotion Officer at the New York Office of the Thailand Board of Investment (BOI) where she wrote monthly reports on the U.S. economic outlook, wrote reports on the outlook of key U.S. industries, and assisted investors on doing business and investment in Thailand. Prior to joining the BOI, she was Adjunct Professor teaching International Political Economy/International Relations at the City College of New York. Prior to her teaching experience at the CCNY, Winnie successfully completed internships at the United Nations. Winnie holds an MA Degree from Long Island University, New York. She also did graduate studies at Columbia University in the City of New York and doctoral requirements at the Graduate Center of the City University of New York. Her areas of specialization are international political economy, macroeconomics, financial markets, political economy, international relations, and business development/business strategy. Her regional specialization includes, but not limited to, Southeast Asia and East Asia. Winnie is bilingual in English and Thai with competency in French. She loves to travel (~30 countries) to better understand each country’s unique economy, fascinating culture and people as well as the global economy as a whole.

Publications by Winnie Tapasanun
- USA| Mar 30 2026
Texas General Business Activity Slightly Negative in March Amid Uncertainty; Expectations Still Positive
- Import prices +1.3% m/m (+1.3% y/y) in Feb., led by a 3.8% rebound in fuel import prices.
- Excluding fuels, import prices +1.1% m/m (+2.5% y/y) after a 0.8% Jan. increase.
- Export prices +1.5% m/m (+3.5% y/y), driven by a 1.7% gain in nonagricultural exp. prices.
- USA| Mar 23 2026
U.S. Construction Spending Unexpectedly Declines in January
- Headline -0.3% m/m, first monthly decrease in three mths.; +1.0% y/y for the second straight mth.
- Residential private construction -0.8% m/m, led by a 1.4% drop in home improvement building.
- Nonresidential private construction -0.4% m/m, sixth fall in seven months.
- Public construction +0.6% m/m, driven by a 0.6% rebound in nonresidential public building.
- January sales -17.6% m/m (-11.3% y/y) to 587,000, third m/m fall in four months.
- Sales m/m down in all four regions; sales y/y down in the West (-28.7% y/y) and South (-8.8% y/y).
- Median sales price down to $400,500; avg. price down to $499,500—both at six-month lows.
- Months' supply rises to 9.7 mths., highest since Oct. ’22.
- January factory orders +0.1% m/m (+4.4% y/y); second m/m gain in three months and 7.7% above the Jan. ’24 low.
- Durable goods flat; nondurable goods orders +0.3% m/m; shipments +0.5% m/m.
- Transportation orders -0.8% m/m, led by a 23.8% plunge in defense aircraft orders.
- Unfilled orders +0.8%, the sixth straight m/m rise.
- Inventories +0.1%, the third consecutive m/m increase.
- USA| Mar 13 2026
U.S. Durable Goods Orders Flat in January, Driven by a Plunge in Defense Aircraft Orders
- Headline orders -0.04% (+10.3% y/y) in Jan.; -0.9% (+10.6% y/y) in Dec.
- Defense aircraft orders -23.7% m/m in Jan. vs. +11.9% in Dec.; nondefense aircraft & parts +3.8% vs. -22.8%.
- Transportation orders -0.9%, third m/m fall in four mths.; orders ex transportation +0.4%, ninth straight m/m rise.
- Core capital goods shipments -0.1% following four consecutive m/m gains.
- Durable goods shipments +0.6%; unfilled orders +0.8%; inventories +0.2%.
- USA| Mar 12 2026
U.S. Housing Starts Jump in January to an 11-Month High
- Housing starts +7.2% (+9.5% y/y) to 1.487 mil. in Jan.; largest of three straight m/m gains.
- Multi-family starts at highest level since May ’23; single-family starts down for the first time in four mths.
- Starts m/m up in the Northeast (+47.4%) and South (+11.4%), but down in the Midwest (-10.8%) and West (-7.5%).
- Building permits at a five-month low, w/ declines in both single-family and multi-family permits.
- USA| Mar 10 2026
U.S. Existing Home Sales Unexpectedly Rebound in February
- February sales +1.7% to 4.09 mil.; -1.4% y/y, fourth straight y/y decline.
- Sales m/m up in the West (+8.2%), South (+1.6%), and Midwest (+1.1%), but down in the Northeast (-6.0%).
- Median sales price +0.8% (+0.3% y/y) to $398,000, first m/m increase since October.
- Unsold inventory +2.4% (+4.9% y/y) to three-month-high 1.29 mil. units; 3.8 months' supply.
- USA| Mar 06 2026
U.S. Retail Sales Decline in January After Flat December
- Total retail sales -0.2% (+3.2% y/y) in Jan.; 0.0% (+2.4% y/y) in Dec.
- Ex-auto sales flat for a second month (+3.9% y/y); auto sales -0.9% (+0.1% y/y), third m/m fall in four months.
- Declines m/m: gasoline stations (-2.9%), clothing stores (-1.7%), sporting goods (-1.2%), electronics stores (-0.6%).
- Gains m/m: misc. stores (+2.0%), nonstore sales (+1.9%), furniture stores (+0.7%), bldg. materials (+0.6%).
- Private payrolls +63K, eighth straight m/m gain and largest in three months.
- Hiring increase is driven by small businesses (+60K, strongest in four months).
- Service-sector jobs up (+47K), led by education & health svs. (+58K) and information (+11K).
- Goods-producing jobs up (+16K), driven by construction (+19K).
- Wage growth eases y/y for job changers (6.3%) but steady for job stayers (4.5%).
- ISM Mfg. PMI at 52.4 in Feb.; second consecutive month of expansion and only the third in 40 mths.
- Production (53.5) expands for the fourth straight mth.; new orders (55.8) expand for the second successive mth.
- Employment (48.8) contracts for the 29th straight mth. but at the slowest pace since Jan. ’25.
- Prices Index (70.5) hits its highest since June ’22, w/ prices rising for the 17th consecutive mth.
- Exports (50.3) expand for the second straight mth.; imports (54.9) reach the highest level since Feb. ’22.
- Headline +0.3% m/m, first m/m rise since August; -0.4% y/y, 11th consecutive y/y fall.
- Residential private construction +1.5% m/m, led by a 1.8% rebound in home improvement building.
- Nonresidential private construction -0.7% m/m, fifth m/m decline in six months.
- Public construction -0.5% m/m, reflecting drops in both residential & nonresidential public buildings.
- of33Go to 5 page













