Tariffs haven’t slowed business spend

The latest on AI adoption, tariff charges, and industry-specific trends

Key findings

AI bubble concerns may be overblown as adoption continues to show promising signs.

Tariff enforcement seems to be lagging far behind tariff announcements, our latest spend data shows.

The long-awaited, tech-enabled modernization of health care seems to finally be getting off the ground.

Summary

In the face of big pressures like a potential AI bubble and tariffs, the U.S. economy is proving it can bend without breaking.

Our latest quarterly analysis of billions of anonymized transactions from 45,000-plus businesses using Ramp reveals fresh insights for companies of all size across manufacturing, health care, tech, and more.

What you'll learn

See the latest results from the Ramp Business Spend Nowcast, our flagship dataset, to see where investments are up, where they’re down, and what it means for your business.