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.

Iranian Claims Pakistani Weavers Imitating Persian

London, England, June 17--An expert on carpet affairs said that Pakistan has taken full advantage of poor state support for the industry in Iran to imitate the designs of Persian carpets and export them to international markets.

EU Sends Statement of Objections in Synthetic Rubb

Brussels, Belgium, June 17--The European Commission confirmed it sent a 'statement of objections' detailing competition concerns to a series of synthetic rubber producers accused of operating a cartel, according to afx news.

Current Account Gap Widens

Washington, DC, June 17--The current account deficit continued its steady march upward in the first quarter, the Commerce Department reported Friday.

Consumer Sentiment Up In June

Ann Arbor, MI, June 17--Consumer sentiment improved in June, according to the University of Michigan consumer sentiment index. The gauge rose to 94.8 from 86.9 in May.

Housing Starts Up in May

Washington, DC, June 16--Housing starts rose 0.2% in May to a seasonally adjusted 2.009 million annualized units from April's revised 2.005 million, according to the Commerce Department.

Beige Book: Economy Expanding

Washington, DC, June 16--The economy expanded across the nation from mid-April through May as tourism, real estate, and manufacturing strengthened and the job market improved nationwide, according to the Federal Reserve’s beige book survey.