Aneil Hussein Named President of Shnier/Division 9
Brampton, Ontario, December 15, 2023—Gesco Industries is pleased to announce the appointment of Aneil Hussein to the position of president, Shnier/Division 9.
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.
William M. Bird Announces Retirement of John Allen
Charleston, SC, December 15, 2023-William M. Bird announced the retirement of John Allen, vice president of sales.
Industrial Production Rose 0.2% in November
Washington, DC, December 15, 2023-In November, industrial production increased 0.2%, and manufacturing output rose 0.3%, reports the Federal Reserve.
Tarkett Hosts Second Annual Healthy Building Summit
Solon, OH, December 15, 2023-Tarkett recently hosted its second annual Healthy Building Summit.
SIXmm To Open Warehouse Near Atlanta
Atlanta, GA, December 15, 2023-SIXmm, a provider of large-format porcelain, sintered stone, and ultra-compact surfaces, will open a 50,000 square foot warehouse near Atlanta, Georgia.
Retail Sales Rose 4.1% YOY in November
Washington, DC, December 14, 2023—Advance estimates of U.S. retail and food services sales for November 2023 were $705.7 billion, up 0.3% from the previous month and up 4.1% above November 2022, according to the U.S. Census Bureau.
Construction Material Prices Declined 0.3% in November
Washington, DC, December 14, 2023—Construction input prices decreased 0.3% in November compared to the previous month, according to an Associated Builders and Contractors analysis of the U.S. Bureau of Labor Statistics’ Producer Price Index data.
Import Prices Declined 0.4% in November, Export Prices Down 0.9%
Washington, DC, December 14, 2023—Prices for U.S. imports decreased 0.4% in November following a 0.6% decline the previous month, the U.S. Bureau of Labor Statistics reported.
Fed Shifts Focus to Preventing Recession As Well As Beating Inflation
New York, NY, December 14, 2023-"The Federal Reserve has two mandates: lower inflation and prevent recession,” reports the Wall Street Journal. “For two years, though, it behaved as if only the first mattered, raising interest rates so steeply that it knew it was courting recession.
Initial Jobless Claims Declined by 19,000 in Week Ending Dec. 9
Washington, DC, December 14, 2023—In the week ending December 9, the advance figure for seasonally adjusted initial claims was 202,000, a decrease of 19,000 from the previous week's revised level, according to the Department of Labor.