Factory Orders Decline in May
Washington, DC, July 2, 2010--U.S. factory orders declined broadly in May after nine straight months of gains.
Today's Flooring News
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Mapei Completes Expansion of Canadian Plant
Deerfield Beach, FL, July 1, 2010-–Mapei recently completed construction on an additional 44,000 square feet of warehouse, shipping and office space at its Delta, British Columbia, manufacturing facility.
Manufacturing Index Falls, Still Shows Expansion
Tempe, AZ, July 1, 2010--The Institute for Supply Management’s manufacturing index fell to 56.2 in June from 59.7 in May.
Construction Spending Down Less Than Expected
Washington, DC, July 1, 2010--Construction spending in the U.S. fell in May for the first time in three months, the Commerce Department reported.
Homebuyer Tax Credit Deadline Extended
Washington, DC, July 1, 2010--The U.S. Senate Wednesday extended the deadline for homebuyers seeking to claim a federal tax credit.
Pending Home Sales Fell in May
Washington, DC, July 1, 2010--New contracts for home resales fell substantially in May after a federal subsidy for buyers expired at the end of April, according to the National Association of Realtors.
Initial Jobless Claims Rise, Surprising Economists
Washington, DC, July 1, 2010--Initial jobless claims last week rose by 13,000 to 472,000, surprising forecasters who predicted a slight drop from the previous week.
Indonesia's Tile Makers Hurt by Gas Shortage
Jakarta, Indonesia, July 1, 2010--With a continuing natural gas shortage, local ceramic tiles producers have been unable to increase production to meet surging demand, a ceramic tile producers association says.
Chain Store Sales Rose Sharply Last Week
New York, NY, June 30, 2010--U.S. chain-store sales rose 3% this past week, according to the International Council of Shopping Centers (ISCS) and Goldman Sachs.
All Eyes on Manufacturing as Economic Barometer
Washington, DC, July 1, 2010--International manufacturing growth from China to the euro-region slowed in June, suggesting the global export-led recovery is losing strength.