Policy & capital
Follow the commitments across sectors
All eleven tracked industry groupings, including the declines. Two full 12-month windows show where federal commitments changed.
12 months through Sep 2026
Where the dollar changes are largest
All eleven tracked industry groupings, including the declines. Compare two full 12-month periods; exclude the partial current month.
The complete comparison
| Sector | Prior 12 months · $B | Latest 12 months · $B | Change · $B | Change % |
|---|---|---|---|---|
| Basic Materials | 3.350 | 6.992 | +3.642 | +108.7% |
| Financial Services | 48.442 | 51.923 | +3.481 | +7.2% |
| Energy | 8.341 | 9.238 | +0.896 | +10.7% |
| Real Estate | 0.506 | 0.627 | +0.121 | +23.8% |
| Healthcare | 35.209 | 35.203 | −0.006 | −0.0% |
| Consumer Cyclical | 7.613 | 7.263 | −0.350 | −4.6% |
| Utilities | 3.215 | 2.574 | −0.641 | −19.9% |
| Consumer Defensive | 7.507 | 6.695 | −0.812 | −10.8% |
| Communication Services | 5.559 | 4.456 | −1.103 | −19.8% |
| Technology | 117.318 | 113.909 | −3.408 | −2.9% |
| Industrials | 251.350 | 224.494 | −26.856 | −10.7% |
Commitment is one stage in the chain
An obligation commits the government to spend under an agreement. Payment, delivery and company revenue occur at later or separate stages. This view covers contract obligations under selected NAICS codes; it excludes grants, loans and tax credits.
What this view establishes
- Compare October 2025–September 2026 with October 2024–September 2025. The partial current month is excluded.
- Basic Materials rose from $3.3B to $7.0B in the tracked NAICS grouping.
- These are nominal contract obligations under explicit industry-code selections. They exclude grants, loans and tax credits.
- A sector increase prompts agency, program, recipient and timing questions. It is not evidence that a particular public company benefits.