Consumer Spending Accelerated in August
Washington, DC, October 1, 2021- Personal income increased $35.5 billion (0.2%) in August, according to estimates released by the Bureau of Economic Analysis.
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Consumer Sentiment Rose 3.6% in September
Ann Arbor, MI, October 1, 2021-Consumer sentiment rose 3.6% to 72.8 in September, according to final results from the University of Michigan Survey of Consumers.
Construction Spending Flat at $1.6B in August
Washington, DC, October 1, 2021—Construction spending during August 2021 was estimated at a seasonally adjusted annual rate of $1,584.1 billion, virtually unchanged from the revised July estimate of $1,584.0 billion, according to the U.S. Census Bureau.
Hardwood Flooring Imports from China Tapered Off in July
Sterling, VA, October 1, 2021-- The hot streak of U.S. imports of hardwood flooring ended in July, reports the Decorative Hardwoods Association.
Purchasing Managers' Index Posted Expansion to 59.9% in August
Tempe, AZ, October 1, 2021-The August Manufacturing Purchasing Managers’ Index (PMI) registered 59.9%, an increase of 0.4 percentage point from the July reading of 59.5%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
Covid Closures in Vietnam Challenge U.S. Companies w/ Production There
New York, NY, October 1, 2021-Manufacturers looking to shift production out of China during the U.S.-China trade war piled into Vietnam, attracted by its low wages and the government’s business-friendly reputation, reports the Wall Street Journal. “But strict lockdowns to contain a Covid-19 wave in the largely unvaccinated country have crippled manufacturing since July, forcing companies such as Nike Inc. and Lululemon Athletica Inc. to shift production to other countries. That is prompting some businesses to rethink their heavy reliance on factories in Vietnam.”
ASID Releases Position Statement on Climate, Health & Equity
Washington, DC, October 1, 2021— With an eye on the interior design industry’s role in the health of the planet and its occupants, the National Board of Directors of the American Society of Interior Designers (ASID) has released its first-ever position statement on climate, health, and equity.
Starnet Names 2022 Canadian Project of the Year Winners
Columbus, OH, September 30, 2021-Starnet Commercial Flooring is presenting for the first time a new category award as part of its 2021 Starnet Design Awards-the Canadian Project of the Year winners.
Automotive Flooring Supplier Auria Expanding Operations in SC
Frankfurt, DE, September 30, 2017-Auria, an automotive flooring supplier, is growing its operations in Spartanburg, South Carolina, reports Fox Carolina.
Q2 GDP Revised Up to 6.7% in Third Estimate
Washington, DC, September 30, 2021-Real gross domestic product (GDP) increased at an annual rate of 6.7% in the second quarter of 2021, according to the third estimate released by the Bureau of Economic Analysis.