Consumer Confidence in the United States increased to 61.70 points in July from 60.70 points in June of 2025. This dataset provides the latest reported value for - United States Consumer Sentiment - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Canadian electrical equipment manufacturers have endured significant volatility in recent years. Drastic fluctuations in residential and nonresidential construction value contributed to revenue losses since 2019. During this time, heightened economic uncertainty, weaker corporate profit, elevated inflation and high interest rates pushed long-term borrowing costs higher, discouraging construction activity and harming demand for domestic manufacturers. Producers could make up some of these losses as the Canadian economy recovered during 2021 and 2022, enabling demand from the industrial sector to swell. IBISWorld expects industry revenue to experience the highest growth in 2023, as revenue generated in Ontario and Quebec supported performance and profit. However, corporate profit and staggering nonresidential construction activity limited the industry's movement forward. These trends have caused revenue to expand at an estimated CAGR of 5.0% to $7.5 billion through 2025, with a 2.3% gain during that year alone. Domestic manufacturers are heavily impacted by international trade activity, with imports accounting for more than 90.0% of domestic demand. The appreciation of the Canadian dollar in recent years has also contributed to imports becoming more popular among domestic buyers. These significant levels of import penetration have pushed manufacturers to focus on producing higher-quality equipment, making them more competitive globally. Domestic producers focusing on serving foreign buyers, mainly based in the United States, have led exports to account for a large majority of revenue despite a strengthening loonie. Overall, profit declined as imports continued to threaten the industry. Ongoing trade tension between the United States and Canada continues to pressure operators and profit. Over the coming years, manufacturers will benefit from a recovering economy. Stabilizing economic conditions, including falling inflation, interest rate declines, growing consumer confidence and rising corporate profit, will support a growing construction sector. These trends will also enable demand for manufactured products to recover, supporting demand from the industrial sector and driving profit growth. Similarly, equipment manufacturers will benefit from the widespread adoption of new technologies, including automated solutions, that require new electronic equipment. Over the coming years, producers will also benefit from public investment in sustainable energy, generating a significant need for new electronic equipment. These factors will cause revenue to swell at an estimated CAGR of 0.7% to $7.8 billion through 2030.

Volatile crude oil prices and economic uncertainty have defined the performance of Canadian gas stations with convenience stores. Consumer demand declined with a slump in travel caused by the pandemic. Starting in 2021, the recovery of the global economy led to a massive surge in the world price of crude oil. Rising oil prices increased revenue as prices were passed down to consumers. High crude oil prices and improving economic conditions have boosted sales volumes. In 2023, tempering crude oil prices dragged down sales at the pump again, with revenue contracting 1.0%. Revenue for gas stations with convenience stores is expected to drop at a CAGR of 0.3% to $28.3 billion through the end of 2025, including a dip of 0.7% in 2025 alone as the consumer confidence index and the world price of crude oil weaken. The industry has expanded as more gas stations added convenience stores because of the considerably higher profit gained from the sale of merchandise. Still, crude oil prices drive profitability as upstream markets pass down costs to gas stations. The world price of crude oil has fluctuated wildly, first because of the pandemic and, more recently, because of global geopolitical challenges like Russia's invasion of Ukraine. These events have ultimately influenced the global supply of crude oil, causing prices to largely remain elevated. These wild swings have contributed to a slump in profitability for gas stations with convenience stores. The world price of crude oil is expected to expand at a CAGR of 11.7% through the end of 2025. Consumers have already reduced their dependence on fossil fuels by relying on new fuel-efficient vehicles in response to rising environmental concerns. The Canadian government has initiated programs to incentivize hybrid and electric vehicle sales. This threat to the overall viability of the industry will remain strong moving forward. Still, rising incomes drive general economic growth, while consumer spending and trade activity will lift fuel sales. The growing emphasis on convenience store sales will help buoy the industry if volatility in fuel prices continues. Revenue for gas stations with convenience stores is expected to climb at a CAGR of 0.1% to $28.4 billion through the end of 2030.

Plumbing and HVAC equipment wholesalers have enjoyed solid growth over the past five years despite COVID-19-induced declines. Economic uncertainty hammered nonresidential construction markets in 2020, but housing starts offset some declines for wholesalers. As the economy reopened and consumer confidence returned to growth, wholesalers enjoyed a strong recovery as residential renovation expenditure climbed, housing starts continued to increase and the nonresidential construction market expanded. Interest rate hikes led to a slowdown in residential construction activity, but the nonresidential market picked up the slack. Also, provincial programs offering favourable tax incentives, rebates and other forms of financing to promote energy-efficient products have benefitted wholesalers. Industry revenue has been increasing at a CAGR of 1.8% to total an estimated $20.5 billion over the past five years, with revenue forecast to increase by 1.7% in 2024. Rate cuts in 2024 will provide wholesalers a boost as business and consumer sentiment climbs. Despite solid revenue growth over the past five years, plumbing and HVAC equipment wholesalers have faced profit declines late. Slower construction spending, particularly in the residential market late, hindered profit expansion as lower expenditure on equipment hiked inventory carrying costs and competition. Still, wholesalers' increased investment in and use of technology enabled them to reduce their reliance on workers and reduce wage costs, taking some pressure off of profit. Also, some of the growth wholesalers have enjoyed has been price-based. Manufacturers have endured higher material and wage costs, which forced them to increase the costs of their projects. Similarly, wholesalers increased the price of their products to shield profit, pushing up revenue. Plumbing and HVAC wholesalers will enjoy accelerated growth. The continuing expansion of the nonresidential construction market will greatly benefit contractors. Also, residential renovation expenditure ramping up and housing starts continuing to climb will lead to expansion. Eco-friendly plumbing and HVAC equipment will grow as a share of revenue as consumers and businesses choose energy-efficient products. Industry revenue is forecast to rise at a CAGR of 2.4% over the next five years to total an estimated $23.0 billion through the end of 2029.

Over the past five years, the Caterers industry in Canada has experienced revenue declines because of varying economic factors. Despite Canada's rising disposable income, declining marriage rates and fallen business confidence have collectively hampered demand for catering services. Further, high inflation over the past five years has forced businesses to tighten their pockets, while lower consumer confidence levels result in fewer private events. The pandemic and resulting restrictions drastically changed the industry’s landscape. Caterers grappled with new regulations and compressed operation scales, which hit revenues, dipping by an annualized 6.7% to $3.1 billion over the five years to 2024. Despite these challenges, an upward trend is foreseen, with a 4.0% rise in 2024 alone. Over the years, catering services have evolved in response to changing preferences. Caterers have shifted their focus to healthier options and organic and locally sourced produce and expanded their service scope to include event consulting and planning. Despite these adaptations, a cost surge led to declining industry profit. Looking ahead, signs for the Caterers industry are promising, with a projected recovery phase in the forecast owing to the expected growth in consumer spending and confidence. The next five years could see the industry bounce back, with revenues growing at an annual rate of 3.4%, potentially reaching $3.7 billion by 2029. This growth hinges on caterers's ability to adapt and broaden their services, from floral arrangements to entertainment, redefining the industry to meet growing client demands.