Chicago Manufacturing Continues To Grow
Chicago, IL, July 29, 2011 -- The Chicago Purchasing Managers Index slowed to a reading of 58.8 in July from 61.1 in June, indicating that the pace of growth in manufacturing is slowing.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Consumer Sentiment Falls in July
Ann Arbor, MI, July 29, 2011 -- The Reuters/University of Michigan Consumer Sentiment Index dropped to 63.7 in July from 71.5 points in June.
Brintons Considering Sale to Private Equity Firm
London, England, July 29, 2011 -- Brintons Carpets may be sold to a private equity firm, according to the BBC.
Analyst Revises 2011 Estimate for Interface
New York, NY, July 29, 2011 -- Flooring industry analyst Stifel Nicolaus is maintaining its earnings and revenue estimates for Interface Inc. for 2012 but has adjusted its earnings number down slightly for the remainder of this year.
Armstrong Ceiling Plant Closing
Beaver Falls, PA, July 29, 2011 -- Friday is the last day for workers at the Armstrong World Industries specialty ceiling tile plant in Beaver Falls, according to the Beaver County Times.
Interface Reports Increased Income, Sales
Atlanta, GA, July 28, 2011 -- Interface, Inc. reported net income of $12.8 million, or $0.20 per share, in the second quarter, compared $7.6 million, or $0.12 per share, in the same period last year.
Initial Jobless Claims at Best Level Since April
Washington, DC, July 28, 2011 -- Initial applications for unemployment benefits last week dropped below the 400,000 level for the first time since early April, according to the Labor Department.
Pending Home Sales Rise in June
Washington, DC, July 28, 2011 -- Pending home sales rose for a second month in June, according to the National Association of Realtors.
NAHB Remodeling Index Falls in Second Quarter
Washington, DC, July 28, 2011 -- The remodeling market slipped under pressure from a sluggish economy according to the National Association of Home Builders' Remodeling Market Index.
AIA Revises Construction Forecast Down
Washington, DC, July 28, 2011 -- The American Institute of Architects cut its 2011 U.S. construction forecast on Wednesday.