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.

Construction Spending Slid 2.9% in April

Construction Spending Slid 2.9% in April

Washington, DC, June 1, 2020—Construction spending during April 2020 was estimated at a seasonally adjusted annual rate of $1,346.2 billion, 2.9% below the revised March estimate of $1,386.6 billion, according to the U.S. Census Bureau.

Purchasing Managers Index Posted Increase in May

Purchasing Managers Index Posted Increase in May

Tempe, AZ, June 1, 2020—The May Purchasing Managers Index (PMI) registered 43.1%, up 1.6 percentage points from the April reading of 41.5%, according to the latest Manufacturing ISM Report On Business.

GDP Revised Down to a 5% Decrease for Q1

GDP Revised Down to a 5% Decrease for Q1

Washington, DC, May 28, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in the first quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.