PNC Economics Research

February Job Losses Raise Labor Market Concerns

The U.S. economy lost 92,000 jobs in February, well below the consensus
expectation for a gain of 65,000.

6 March 2026 | Gus Faucher  

Economic Consequences of the Iran Conflict

The United States and Israel conducted coordinated strikes over the weekend on Iran that killed Iran’s Supreme Leader.

2 March 2026 | Brian LeBlanc  

Supreme Court Strikes Down IEEPA Tariffs

 
The Supreme Court struck down tariffs imposed under the International Emergency Economic Powers Act (IEEPA).

 2 Mar 2026 | Rayhan Momin

Consumer Health Check

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

Read Consumer Health Check

Data Releases

Homebuilder Confidence Edged Higher in March

Homebuilder confidence increased marginally in March 2026 , with all three components of the NAHB index edging higher .

16 March 2026 | Ershang Liang

Modest Growth in Industrial Production Continued in February

The industrial side of the economy continues its modest rebound with industrial production up 0.2% in February

16 March 2026 | Gus Faucher

Fourth Quarter Real GDP Growth Revised Down in the Second Estimate

Real GDP increased at annualized 0.7% in the fourth quarter in the second print – well below the advance estimate of 1.4%.

13 March 2026 | Jay Hawkins

Core Inflation Moved Higher in January

Personal income rose 0.4% in January, with after-tax income up 0.9%.

13 March 2026 | Gus Faucher

Consumer Sentiment Slipped in March

Consumer sentiment fell to 5 5.5 in the preliminary March release .

March 13 2026 | Jay Hawkins

Housing Starts & Completions Rose in January 2026

Total Housing Starts rose to a seasonally adjusted annualized pace of 1,487
thousand in January 2026.

12 March 2026 | Kurt Rankin   

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Monthly detailed writeup on PNC's outlook for the economy and interest rates.

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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