Consumer Prices Inched Upward in November
Washington, DC, December 15, 2016—The Consumer Price Index for All Urban Consumers increased 0.2% in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics has reported.
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Home Sales Expected to Expand Modestly in 2017, NAR
Washington, DC, December 15, 2016—Existing-home sales are forecast to muster only a small gain in 2017 because of increasing mortgage rates and shrinking consumer confidence that now is a good time to buy a home, according to new consumer survey findings
October Foreclosure Inventory Falls 31.5% YOY
Irvine, CA, December 14, 2016—Foreclosure inventory declined by 31.5% and completed foreclosures declined by 24.9% compared with October 2015, according to CoreLogic’s October 2016 National Foreclosure Report.
BASF Announces Increase for Caprolactam & Polyamide Polymer
Wyandotte, MI, December 14, 2016--BASF will increase prices for caprolactam and polyamide (PA) polymer by $0.08 per pound in North America, effective January 1, 2017 or as contracts allow.
Oct. Distributive Trade Sales & Manufacturers' Shipments Up 0.8%
Washington, DC, December 14, 2016—The combined value of distributive trade sales and manufacturers’ shipments for October was estimated at $1,326.8 billion, up 0.8% from September 2016 and was up 2.1% from October 2015, the U.S. Census Bureau announced.
Producer Prices Increased by 0.4% in November
Washington, DC, December 14, 2016—The Producer Price Index for final demand increased 0.4% in November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
November Retail Sales Rose 3.8% YOY
Washington, DC, December 14, 2016—Advance estimates of U.S. retail and food services sales for November were $465.5 billion, an increase of 0.1% from the previous month, and 3.8% above November 2015, according to the U.S. Census Bureau.
Industrial Production Fell 0.4% in November, After October Rise
Washington, DC, December 14, 2016—Industrial production declined 0.4% in November after edging up 0.1% in October, according to the Federal Reserve.
UK Carpet Manufacturer Victoria to Purchase Aussie Dunlop Flooring
Worcester, UK, December 14, 2016—Victoria, the Kidderminster carpet manufacturer, will purchase Australian underlay and hardwood flooring maker Dunlop Flooring in a £20m deal, reports worcesternews.co.uk.
UofW Team Builds Floor that Converts Pressure into Electricity
Madison, WI, December 14, 2016—Material science researchers at the University of Wisconsin-Madison have figured out how to build wood flooring material that converts downward pressure into usable electricity, reports Business Insider.