Consumer Sentiment Highest in Five Months

Ann Arbor, MI, Dec. 23, 2013 -- Consumer sentiment rose to its highest level in five months in December, according to the final reading on the Thomson Reuters/University of Michigan index for the month.

The reading jumped to 82.5 for December, up from 75.1 in November but unchanged from the preliminary reading earlier this month.

Economists were expecting a reading of 83.

"Most of the gain was due to more favorable buying plans due to renewed discounting as well as more favorable short-term prospects for the economy," survey director Richard Curtin said in a press release.

"Personal finances, the most critical factor that shapes consumer spending, did improve in late December, although largely due to rising incomes and wealth among those in the top third."

The survey's measure of consumer expectations rose from 66.8 in November to 72.1.



Other Archived Articles

Services Sector Growth Slows Slightly in June   Full Article
Tempe, AZ, July 3, 2014 -- Growth in the services sector of the economy slowed slightly in June, according to the Institute for Supply Management services index.

Planned Job Cuts Tumble in June   Full Article
Chicago, IL, July 3, 2014 -- Planned job cuts announced by U.S. companies in June fell to 31,434, the lowest level of the year and down 20% from a year ago, according to outplacement firm Challenger, Gray & Christmas.

Economy Adds 288,000 Jobs in June   Full Article
Washington, DC, July 3, 2014 -- Employers added 288,000 jobs in June, the Labor Department said Thursday.

Cersaie Show Set for Sept. 22-26 in Bologna   Full Article
Bologna, Italy, July 3, 2014 -- Cersaie—the world’s largest exhibition of ceramic tile and bathroom furnishings—will take place at the Bologna Exhibition Center in Bologna, Italy from Sept. 22-26.

NAFCD Issues Employee Compensation Report   Full Article
Chicago, IL, July 3, 2014 -- The North American Association of Floor Covering Distributors has released the 2014 NAFCD Employee Compensation Report.

E.J. Welch Promotes Two to Vice President   Full Article
St. Louis, MO, July 2, 2014 -- E.J. Welch Co. has promoted two employees to full time management positions.

Factory Orders Fall in May   Full Article
Washington, DC, July 2, 2014 -- Factory orders fell 0.5% in May, largely because of fewer orders for military goods, the Commerce Department said.

Private Sector Adds 281,000 Jobs in June   Full Article
Roseland, NJ, July 2, 2014 -- Private sector employment increased by 281,000 jobs from May to June, according to the June ADP National Employment Report.

Goodman, CEO of Space Flooring, Retires   Full Article
Glen Burnie, MD, July 2, 2014 -- Kent B. Goodman, owner and CEO of Space Flooring, has retired, according to distributor Haines.

Mortgage Application Volume Falls Last Week   Full Article
Washington, DC, July 2, 2014 -- Mortgage application volume fell slightly last week, according to the Mortgage Bankers Association.

Kinetex Wins Grand Prize for Innovation   Full Article
Dalton, GA, July 2, 2014 -- Kinetex textile composite flooring won the Grand Prize for Flooring Solutions in the 19th Annual Product Innovations Awards presented at NeoCon.

Interior Specialists Acquires Las Vegas Flooring Firm   Full Article
Carlsbad, CA, July 2, 2014 -- Interior Specialists, a provider of interior design and installation services for the homebuilding industry, said it has acquired DelGrosso Floor Covering in Las Vegas.

Tile Shop Holdings Names New CFO   Full Article
Minneapolis, MN, July 2, 2014 -- Tile Shop Holdings has named Kirk Geadelmann as its new chief financial officer.

FCICA Launches Commercial Installation Certification   Full Article
West Bloomfield, MI, July 1, 2014 -- FCICA, the Flooring Contractors Association, is launching an online certification program for all commercial flooring installation managers regardless of their affiliations.

Domotex Russia Set for April in Moscow   Full Article
Hannover, Germany, July 1, 2014 -- Domotex Russia will be held April 1-3 in Moscow.

Manufacturing Continues To Expand in June   Full Article
Tempe, AZ, July 1, 2014 -- Growth in the U.S. manufacturing sector slowed slightly in June, according to the Institute for Supply Management.

Construction Spending Edges Up in May   Full Article
Washington, DC, July 1, 2014 -- Construction spending edged up 0.1% in May, according to the Commerce Department.

IICRC To Develop Hard Surface Inspection Standard   Full Article
Vancouver, WA, July 1, 2014 -- The Institute of Inspection, Cleaning and Restoration Certification said it plans to develop a new BSR-IICRC S220 Standard on Hard Surface Floor Covering Inspection.

Interface Shares Upgraded by Zacks   Full Article
New York, NY, July 1, 2014 -- The shares of carpet tile maker Interface were upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report Monday.

Chicago Manufacturing Continues To Expand   Full Article
Chicago, IL, June 30, 2014 -- The Chicago purchasing managers index fell in June after hitting a seven-month high in May, according to the Chicago business barometer.