May 23, 2013

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Services Sector Continues To Expand

Washington, DC, March 5, 2013 -- The services sector of the economy grew at a slightly faster pace in February and expanded for the 39th straight month, according to the Institute for Supply Management.

ISM said its survey of purchasing managers rose to 56 last month from 55.2 in January.

Economists had expected the index to remain unchanged. Reading over 50 indicate more companies are expanding than contracting.

                                                                                                   

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Other Archived Articles

Consolidated Carpet Wins Starnet Awards   Full Article New York, NY, May 7, 2013 -– Consolidated Carpet said it won two Starnet Design Awards at the 2013 annual awards event.

Internet Sales Tax Bill Goes to Conservative House   Full Article Washington, DC, May 7, 2013 -- Although the Senate voted overwhelmingly to pass a bill to empower states to collect sales taxes from Internet purchases, the bill faces a much more uncertain future in the House.

Improving Housing Markets List Ticks Down   Full Article Washington, DC, May 7, 2013 -- The number of U.S. housing markets showing sustained improvement fell slightly to 258 in May from 273 in April, according to the National Association of Home Builders/First American Improving Markets Index.

Mannington Files Appeal in Home Legend Dispute   Full Article Rome, GA, May 6, 2013 -- Mannington Mills in April was handed a setback in a copyright-infringement dispute with laminate maker Home Legend over a line of maple-look laminate.

GSA Committee Recommends LEED as Measure   Full Article Washington, DC, May 6, 2013 -- The Green Building Advisory Committee has officially recommended that the LEED green building certification system be used for all GSA buildings as the best measure of building efficiency.

Mohawk's Wright Named Chairman of Two Groups   Full Article Amelia Island, FL, May 6, 2013 -- The Georgia Association of Manufacturers and the Manufacturers Education Foundation each elected new officers and board members at the 113th Annual Meeting of GAM and the 70th Annual Meeting of MEF.

First-Time Delinquencies Lowest in Six Years   Full Article New York, NY, May 6, 2013 -- First-time delinquent home loans fell to 0.84% of the 50.2 million mortgages in March, according to Lender Processing Services.

Services Sector Expands at Slower Pace in April   Full Article Washington, DC, May 3, 2013 -- The services sector of the economy expanded at a slower pace in April than March, according to the Institute for Supply Management.

Factory Orders Decline More Than Expected   Full Article Washington, DC, May 3, 2013 -- Factory orders fell 4% in March, the Commerce Department reported Friday.

Mohawk Completes Spano Acquisition   Full Article Calhoun, GA, May 3, 2013 -- Mohawk Industries said it has completed the acquisition of Spano Group, a Belgian panel board manufacturer.

Number of Jobs Rises, Unemployment Rate Falls   Full Article Washington, DC, May 3, 2013 -- Employers created 165,000 jobs in April and the unemployment rate fell to 7.5% from 7.6%, according to the Labor Department.

Tile Shop Holdings Reports Higher Sales   Full Article Minneapolis, MN, May 3, 2013 -- Tile Shop Holdings reported a net loss of $44.7 million in the first quarter, compared to net income a year ago of $10.1 million.

Summit Industrial Expanding into South Carolina   Full Article Dayton, OH, May 3, 2013 -- Industrial floor finishing firm Summit Industrial Flooring is moving its headquarters and expanding its operations into Charleston, S.C.

Imola Wins Coverings Best Booth   Full Article Atlanta, GA, May 3, 2013 -- Cooperativa Ceramica d’Imola won Coverings 2013 Best in Show for its booth design presented by Confindustria Ceramica of Italy.

Floor Styles Joins Fuse Alliance   Full Article Aurora, CO, May 3, 2013 -- The Fuse Alliance said that Floor Styles of Midvale, Utah is its newest member.

Mohawk Earnings, Sales Rise in Quarter   Full Article Calhoun, GA, May 3, 2013 -- Mohawk Industries reported first quarter net earnings of $50 million and earnings per share of $0.72, up from $41 million a year ago.

Surfaces Group Director Teague Promoted to VP   Full Article Dallas, TX, May 2, 2013 -- Hanley Wood Exhibitions has promoted Dana Teague to vice president.

Initial Jobless Claims Lowest in Over Five Years   Full Article Washington, DC, May 2, 2013 -- Initial claims for unemployment benefits unexpectedly dropped last week to the lowest level in more than five years, according to the Labor Department.

Planned Layoffs Decline in April   Full Article Chicago, IL, May 2, 2013 -- Planned layoffs dropped 23% in April from March to their lowest level since December, according to outplacement firm Challenger, Gray and Christmas.

Mortgage Applications Rise Last Week   Full Article Washington, DC, May 2, 2013 -- Mortgage application volume rose 2% from the prior week as several interest rates declined, the Mortgage Bankers Association said.