Mats Inc. Enters Wallcovering Business
Stoughton, MA, March 2, 2018—Commercial flooring manufacturer Mats Inc. has expanded into the commercial wallcovering market with the introduction of xcore ascend, accent wallcovering.
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Dixie Group Increased Net Sales in Q4 & FY 2017
Dalton, GA, March 1, 2018—The Dixie Group reported net sales of $412.5 million for fiscal year 2017, a 3.8% increase as compared to $397.5 million in 2016. For Q4 2017, net sales were $105.1 million, an increase of 2.4% compared to $102.6 million in Q4 2016.
Construction Spending Flat in January
Washington, DC, March 1, 2018—Construction spending during January 2018 was estimated at a seasonally adjusted annual rate of $1,262.8 billion, nearly the same as (±1.0%) the revised December estimate of $1,262.7 billion, according to the U.S. Census Bureau.
Three Shaw Employees Recognized with STEP Ahead Awards
Dalton, GA, March 1, 2018—The Manufacturing Institute will award three Shaw employees with the Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award: Lisa Buice, commercial human resources director; Annie Cowart, client contact center director; and Brooklyn Lynam, process engineer.
Personal Income Rose 0.4% in January
Washington, DC, March 1, 2018—Personal income increased $64.7 billion (0.4%) in January, according to estimates released by the Bureau of Economic Analysis.
PMI Expanded in February
Tempe, AZ, March 1, 2018—The February Purchasing Manager’s Index (PMI) registered 60.8%, an increase of 1.7 percentage points from the January reading of 59.1%, according to the latest Manufacturing ISM Report On Business.
Phenix Flooring Joins CarpetsPlus
Dalton, GA, March 1, 2018—Phenix Flooring, a Pharr family company, has joined CarpetsPlus as an approved vendor.
Q4 2017 GDP Estimate Revised from 2.6% to 2.5%
Washington, DC, February 28, 2018—Real gross domestic product (GDP) increased at an annual rate of 2.5% in the fourth quarter of 2017, according to the second estimate released by the Bureau of Economic Analysis.
Sales & Earnings Fell for Lowe's in Q4 2016, But Grew for FY
Mooresville, NC, February 28, 2018—Lowe’s Companies reported net earnings of $554 million for Q4 2017, a decrease of 19.7%, compared to net earnings of $663 million in Q4 2016.
Pending Home Sales Hit Three-Year Low in January
Washington, DC, February 28, 2018—The Pending Home Sales Index fell 4.7% to 104.6 in January from a downwardly revised 109.8 in December 2017, according to the National Association of Realtors. After last month’s retreat, the index is now 3.8% below a year ago and at its lowest level since October 2014 (104.1).