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US Business Investment QoQ fell to -3.2% in Q1 2025, released February 2025, down 5.1% from December's 1.9% reading. The reading missed the 1.1% consensus by 4.3%.
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.50 | INDEX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| USD/JPY | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.35 | COMMODITIES | Moves against | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Business Investment QoQ (United States) was reported at -3.2% in January 2025. This missed the market consensus of 1.1% by 4.3%. The reading fell from the previous value of 1.9%. This is classified as a medium-impact indicator released on a monthly basis.
Historically, this indicator is positively correlated with S&P 500 (Bullish Stocks). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR).
Same-country events in the next 14 days include MBA 30-Year Mortgage Rate (Sep 23) and S&P Global Manufacturing PMI (Sep 23).
Auto-generated from current model state · Refreshes on each release · Last update February 2025.
Business Investment QoQ (Quarter over Quarter) is a financial indicator that measures the change in the amount of money businesses are investing in their operations and assets from one quarter to the next. It provides valuable insights into the current state and future outlook of the economy, as well as the confidence and growth plans of businesses. This indicator is closely monitored by investors, analysts, and policymakers as it can impact stock prices, interest rates, and overall economic performance.
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
This indicator correlates most strongly with S&P 500 (Bullish Stocks, r=0.50) — a useful reference for index-focused traders.
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| Tuesday, September 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 14:00 | Richmond Fed Manufacturing Shipments Index | -5 | 11 | 9 | 2.00 | Low | |
| 14:00 | Richmond Fed Services Index | 0 | -8 | -6 | -3.00 | Low | |
| 14:00 | Richmond Fed Manufacturing Index | -2 | 4 | 5 | 1.50 | Low | |
| 20:30 | API Crude Oil Stock Change | 1.786 | 7.14 | -0.5 | 0.64 | Medium | |
| 21:00 | API Crude Oil Stock Change | 1.786 | 7.14 | -0.5 | 0.64 | Medium | |
| Wednesday, September 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 13:45 | S&P Global Manufacturing PMI | 53.9 | 53.6 | 53.60 | Medium | ||
| 13:45 | S&P Global Composite PMI | 56 | 55.2 | 55.20 | Medium | ||
| 13:45 | S&P Global Services PMI | 56.5 | 56 | 56.00 | Medium | ||
| 14:30 | EIA Crude Oil Stocks Change | -0.64 | -0.6 | -0.60 | Medium | ||
| Thursday, September 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Initial Jobless Claims | 196 | 201 | 196.00 | High | ||
| 12:30 | Current Account | -226.8 | -255 | -255.00 | Medium | ||
| 12:30 | Jobless Claims 4-Week Average | 203.25 | 203 | 202.13 | High | ||
| 12:30 | Continuing Jobless Claims | 1730 | 1750 | 1760.50 | High | ||
| 12:30 | Building Permits MoM | -2.7 | 4.3 | -2.7 | -2.70 | Low | |
| 12:30 | Building Permits | 1.394 | 1.433 | 1.394 | 1.39 | Low | |
| 14:00 | New Home Sales | 0.607 | 0.62 | 0.62 | High | ||
| 15:00 | Kansas Fed Manufacturing Index | 17 | 9 | 15.00 | Low | ||
| 15:00 | Kansas Fed Composite Index | 10 | 5 | 7.50 | Low | ||
| Friday, September 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 12:30 | Durable Goods Orders Ex Transp MoM | 0.4 | 0.6 | 0.95 | High | ||
| 12:30 | Non Defense Goods Orders Ex Air | 0.2 | 0.5 | 1.00 | Low | ||
| 12:30 | Durable Goods Orders MoM | 1.1 | -0.4 | -0.40 | High | ||
| 12:30 | Durable Goods Orders Ex Defense MoM | 1.3 | -0.6 | -0.95 | High | ||
| 14:00 | Michigan Consumer Sentiment | 47.8 | 51.7 | 47.6 | 47.70 | High | |
| 14:00 | Michigan 5 Year Inflation Expectations | 3.4 | 3.3 | 3.4 | 3.40 | Low | |
| 14:00 | Michigan Current Conditions | 50.9 | 51.9 | 49.5 | 50.20 | Low | |
| 14:00 | Michigan Inflation Expectations | 4.6 | 4 | 4.6 | 4.60 | Low | |
| 14:00 | Michigan Consumer Expectations | 45.8 | 51.5 | 45.8 | 45.80 | Low | |
| 17:00 | Baker Hughes Oil Rig Count | 452 | 453 | 453.00 | Low | ||