Consumer Sentiment Rose 2.2% to 74.1 in August
Ann Arbor, MI, August 28, 2020-Consumer sentiment rose 2.2% to 74.1 in August, according to final results from the University of Michigan Survey of Consumers.
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 Spending Rose by 1.9% in July, Income Up 0.4%
Washington, DC, August 28, 2020-Personal income increased $70.5 billion (0.4%) in July, according to estimates released by the Bureau of Economic Analysis.
Federal Reserve to Maintain Low Interest Rate if Inflation Over 2%
New York, NY, August 28, 2020-The central bank unveiled a strategy in which it will tolerate periods of inflation above its 2% target to even out periods below, where it has mostly been since 2008, report the Wall Street Journal (WSJ).
Durkan Expands Partnership with Designer Virginia Langley
Calhoun, GA, August 28, 2020—Durkan has announced that the hospitality flooring manufacturer has partnered with longtime collaborator Virginia Langley to design print carpet tile exclusively for its PDI (Precision Dye Injection) platform.
Unilin Adding New Laminate Production in Belgium
Wielsbeke, Belgium, August 28, 2020—Unilin is investing in a new laminate flooring production line in Vielsalm, Belgium.
Cali Included on Fastest Growing Private Companies List for 12th Year
San Diego, CA, August 28, 2020—Cali has been included on the Inc. 5000 Fastest Growing Private Companies list for the 12th consecutive year.
Mohawk, Engineered Floors & Shaw Issue Price Increases
Chattanooga, TN, August 27, 2020-Mohawk, Engineered Floors and Shaw have announced price increases.
Pending Home Sales Rose 5.9% in July
Washington, DC, August 27, 2020—The Pending Home Sales Index rose 5.9% to 122.1 in July, according to the National Association of Realtors.
GDP Slid 31.7% in Q2, Says BEA in Second Estimate
Washington, DC, August 27, 2020—Real gross domestic product (GDP) decreased at an annual rate of 31.7% in Q2 2020, according to the second estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Declined by 98K in Third Week of August
Washington, DC, August 27, 2020—In the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week's revised level, according to the Department of Labor.