New business at service providers shrank for the first time since October.
A small-business sentiment index recorded its seventh decline in the last eight months.
The contract rate on a 30-year fixed mortgage decreased 18 basis points.
A gauge of U.S. applications for home purchases dropped for a fifth week.
Also, the S&P Global measure of selling prices registered the weakest growth since May 2020, dragged down by service providers.
The data show that the Fed's efforts to slow growth and temper inflation are filtering into the economy.
Consumers see prices rising at an annual rate of 3.1% over the coming year.
Shrinking sales and cooling prices may portend a soft economic landing to come.
A further decline in average workweek hours risks a pickup in layoffs.
The resilience of consumers and the housing market point to continued growth, economists say.
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