PNC Economics Research

Solid Growth in March Retail Sales

Retail sales rose 1.7% in March from February.

21 April 2026 | Gus Faucher

CPI Inflation Spiked in March 2026 on Oil Price Shock

Topline CPI inflation leapt to 3.3% in March 2026 versus one year ago.

10 April 2026 | Kurt Rankin

Mixed Income and Spending Results for February

After-tax personal income fell 0.1% in February and dropped 0.5% after adjusting for inflation.

9 April 2026 | Gus Faucher

Consumer Health Check

Using PNC’s proprietary data to illuminate trends and risks shaping U.S. consumer health.

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Data Releases

Initial Jobless Claims Increase But Remain Low

Initial jobless claims rose by 6,000 to 214,000 in the week ending April 18.

23 April 2026 | Ershang Liang

Initial Jobless Claims Drop and Remain Low

Initial jobless claims fell by 11,000 to 207,000 in the week ending April 11.

16 April 2026 | Jay Hawkins

Industrial Production Down Slightly in March But Trend Is Higher

Industrial production fell 0.5% in March, with manufacturing output down 0.1%.

16 April 2026 | Gus Faucher

Weak Spring Growth, Increased Uncertainty from Iran

The Beige Book reported weak growth in most of the country in the spring.

15 April 2026 | Gus Faucher

Homebuilder Confidence Weakens in April Amid Iran Conflict

Homebuilder confidence fell sharply in April 2026.

15 April 2026 | Ershang Liang

PPI Inflation Hits 4.0%; Goods and Energy Gain

Existing home sales fell 3.6% in March from February. Total sales dropped in all four regions.

14 April 2026 | Kurt Rankin

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Published semi-annually, PNC's survey of small and mid-size business owners' expectations for their own businesses' performance, and their outlook for the national and regional economies are described in detail (available in March and September).

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