# Growth & output macro thread

Informational only - not investment advice.

GDP, industrial production, capacity use, housing, retail sales, consumption, income, and saving indicators from BEA, Federal Reserve, and Census public data.

As of: 2026-04-01
Related topic page: /skills/growth-output.html

This page is a data-driven assembly of existing grepcent indicators, SIC crosswalks, SEC company financials, and sanitized SEC MD&A text. The mapped sectors are grepcent descriptive editorial mappings, not forecasts, recommendations, or investment advice. Company inclusion is mechanical - largest by revenue in the mapped SIC sectors - and is not a recommendation, endorsement, or an assessment of any company's exposure to this theme.

Sector mapping is coarse (SIC level) and does not imply a company's business is driven by this theme; keyword matches are literal and may be incidental - read the linked filing for context.

## Macro Side

| Indicator | Latest reading | Units | As of | Source |
| --- | ---: | --- | --- | --- |
| [GDPC1](/indicator/GDPC1/) - Real Gross Domestic Product | 24152.7 | Billions of Chained 2017 Dollars | 2026-01-01 | https://fred.stlouisfed.org/series/GDPC1 |
| [A191RL1Q225SBEA](/indicator/A191RL1Q225SBEA/) - Real Gross Domestic Product: Percent Change from Preceding Period | 1.6 | Percent Change from Preceding Period | 2026-01-01 | https://fred.stlouisfed.org/series/A191RL1Q225SBEA |
| [INDPRO](/indicator/INDPRO/) - Industrial Production: Total Index | 102.496 | Index 2017=100 | 2026-04-01 | https://fred.stlouisfed.org/series/INDPRO |
| [TCU](/indicator/TCU/) - Capacity Utilization: Total Index | 76.1194 | Percent of Capacity | 2026-04-01 | https://fred.stlouisfed.org/series/TCU |
| [HOUST](/indicator/HOUST/) - New Privately-Owned Housing Units Started: Total Units | 1465 | Thousands of Units | 2026-04-01 | https://fred.stlouisfed.org/series/HOUST |
| [PERMIT](/indicator/PERMIT/) - New Privately-Owned Housing Units Authorized in Permit-Issuing Places: Total Units | 1423 | Thousands of Units | 2026-04-01 | https://fred.stlouisfed.org/series/PERMIT |
| [RSAFS](/indicator/RSAFS/) - Advance Retail Sales: Retail Trade | 757085 | Millions of Dollars | 2026-04-01 | https://fred.stlouisfed.org/series/RSAFS |
| [PCE](/indicator/PCE/) - Personal Consumption Expenditures | 21979.4 | Billions of Dollars | 2026-04-01 | https://fred.stlouisfed.org/series/PCE |
| [DSPIC96](/indicator/DSPIC96/) - Real Disposable Personal Income | 17932.6 | Billions of Chained 2017 Dollars | 2026-04-01 | https://fred.stlouisfed.org/series/DSPIC96 |
| [PSAVERT](/indicator/PSAVERT/) - Personal Saving Rate | 2.6 | Percent | 2026-04-01 | https://fred.stlouisfed.org/series/PSAVERT |
| [GDP](/indicator/GDP/) - Gross Domestic Product | 31819.5 | Billions of Dollars, seasonally adjusted annual rate | 2026-01-01 | https://fred.stlouisfed.org/series/GDP |
| [GPDI](/indicator/GPDI/) - Gross Private Domestic Investment | 5620.4 | Billions of Dollars, seasonally adjusted annual rate | 2026-01-01 | https://fred.stlouisfed.org/series/GPDI |
| [PCEC](/indicator/PCEC/) - Personal Consumption Expenditures | 21677.7 | Billions of Dollars, seasonally adjusted annual rate | 2026-01-01 | https://fred.stlouisfed.org/series/PCEC |

## Mapped SIC Sectors

Mapped from the existing topic crosswalk, refined where needed to SIC major-group scope for company selection.

- [Construction](/division/C/): SIC division C
- [Manufacturing](/division/D/): SIC division D
- [Retail Trade](/division/G/): SIC division G
- [Services](/division/I/): SIC division I

## Largest Companies in Mapped Sectors (by revenue)

Companies are selected from the mapped SIC sectors and sorted by latest reported annual revenue (from SEC companyfacts). Missing metrics are left blank. MD&A signals are keyword matches against the sanitized latest 10-K MD&A text. Keywords scanned: economic growth, gross domestic product, GDP, industrial production, capacity utilization, consumer spending.

| Company | Revenue | FY | Net margin | Operating margin | Revenue growth | MD&A mentions | Verbatim MD&A excerpt |
| --- | ---: | ---: | ---: | ---: | ---: | --- | --- |
| [AMZN](/company/AMZN/) - AMAZON COM INC | 716,924,000,000 | 2025 | 10.83% | 11.16% | 12.38% |  | No keyword match found in emitted latest 10-K MD&A. |
| [WMT](/company/WMT/) - Walmart Inc. | 713,163,000,000 | 2026 | 3.07% | 4.18% | 4.73% |  | No keyword match found in emitted latest 10-K MD&A. |
| [AAPL](/company/AAPL/) - Apple Inc. | 416,161,000,000 | 2025 | 26.92% | 31.97% | 6.43% | consumer spending | "Trade and other international disputes can have an adverse impact on the overall macroeconomic environment and result in shifts and reductions in consumer spending and negative consumer sentiment for the Company’s products and services, all of which can further adversely affect the Company’s business and results of operations." (verbatim sentence from AAPL latest 10-K MD&A, filed 2025-10-31; https://www.sec.gov/Archives/edgar/data/320193/000032019325000079/aapl-20250927.htm) |
| [GOOGL](/company/GOOGL/) - Alphabet Inc. | 402,836,000,000 | 2025 | 32.81% | 32.03% | 15.09% |  | No keyword match found in emitted latest 10-K MD&A. |
| [CVS](/company/CVS/) - CVS HEALTH Corp | 402,067,000,000 | 2025 | 0.44% | 1.16% | 7.85% | consumer spending | "These estimates can be affected by a number of factors including general economic and regulatory conditions, efforts of third-party organizations to reduce their prescription drug costs and/or increase member co-payments, the continued efforts of competitors to gain market share and consumer spending patterns." (verbatim sentence from CVS latest 10-K MD&A, filed 2026-02-10; https://www.sec.gov/Archives/edgar/data/64803/000006480326000010/cvs-20251231.htm) |
| [XOM](/company/XOM/) - EXXON MOBIL CORP | 332,238,000,000 | 2025 | 8.68% |  | -4.96% | economic growth, capacity utilization | "Coincident with this population increase, the Outlook projects worldwide economic growth to average approximately 2.5 percent per year, with economic output nearly doubling by 2050 compared to 2024." (verbatim sentence from XOM latest 10-K MD&A, filed 2026-02-18; https://www.sec.gov/Archives/edgar/data/34088/000003408826000045/xom-20251231.htm) |
| [MSFT](/company/MSFT/) - MICROSOFT CORP | 281,724,000,000 | 2025 | 36.15% | 45.62% | 14.93% |  | No keyword match found in emitted latest 10-K MD&A. |
| [COST](/company/COST/) - COSTCO WHOLESALE CORP /NEW | 275,235,000,000 | 2025 | 2.94% | 3.77% | 8.17% |  | No keyword match found in emitted latest 10-K MD&A. |
| [NVDA](/company/NVDA/) - NVIDIA CORP | 215,938,000,000 | 2026 | 55.60% | 60.38% | 65.47% |  | No keyword match found in emitted latest 10-K MD&A. |
| [META](/company/META/) - Meta Platforms, Inc. | 200,966,000,000 | 2025 | 30.08% | 41.44% | 22.17% |  | No keyword match found in emitted latest 10-K MD&A. |
| [CVX](/company/CVX/) - CHEVRON CORP | 189,031,000,000 | 2025 | 6.51% |  | -6.79% | capacity utilization | "Industry margins can also be influenced by inventory levels, geopolitical events, costs of materials and services, refinery or chemical plant capacity utilization, maintenance programs, and disruptions at refineries or chemical plants resulting from unplanned outages due to severe weather, fires or other operational events." (verbatim sentence from CVX latest 10-K MD&A, filed 2026-02-24; https://www.sec.gov/Archives/edgar/data/93410/000009341026000078/cvx-20251231.htm) |
| [F](/company/F/) - FORD MOTOR CO | 187,267,000,000 | 2025 | -4.36% | -4.90% | 1.23% | economic growth, gross domestic product, capacity utilization | "Annual production volumes are heavily impacted by external economic factors, including the pace of economic growth and factors such as the availability of consumer credit and cost of fuel." (verbatim sentence from F latest 10-K MD&A, filed 2026-02-11; https://www.sec.gov/Archives/edgar/data/37996/000003799626000015/f-20251231.htm) |
| [GM](/company/GM/) - General Motors Co | 185,019,000,000 | 2025 | 1.46% | 1.57% | -1.29% |  | No keyword match found in emitted latest 10-K MD&A. |
| [HD](/company/HD/) - HOME DEPOT, INC. | 164,683,000,000 | 2026 | 8.60% | 12.68% | 3.24% |  | No keyword match found in emitted latest 10-K MD&A. |
| [KR](/company/KR/) - KROGER CO | 147,642,000,000 | 2026 | 0.69% | 1.28% | 0.35% |  | No keyword match found in emitted latest 10-K MD&A. |