Industrial Production Up 0.4% in March
Washington, DC, April 14, 2023—Industrial production rose 0.4% in March and was little changed in the first quarter, increasing at an annual rate of 0.2%, according to the Federal Reserve.
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Distributor Sales & Manufacturer Shipments Flat in February
Washington, DC, April 14, 2023—The combined value of distributive trade sales and manufacturers’ shipments for February was estimated at $1,817.9 billion, virtually unchanged from January 2023 but was up 3.3% from February 2022.
Ecore Acquires 360 Tire Recycling Group
Lancaster, PA, April 13, 2023—Ecore International, the largest converter of reclaimed tire rubber in North America, has announced the acquisition of 360 Tire Recycling Group, a tire recycling management company.
Leonardo Pesce Named CEO of Panariagroup USA
Lexington, KY, April 13, 2023--Panariagroup, owner of Florida Tile, will attend Coverings 2023 in Orlando, Florida, April 18 to 21, during which the new CEO of Panariagroup USA, Leonardo Pesce, will be introduced to clients and stakeholders.
Producer Prices Declined 0.5% in March
Washington, DC, April 13, 2023—The Producer Price Index for final demand declined 0.5% in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Initial Jobless Claims Rose by 11,000 in Week Ending April 8
Washington, DC, April 13, 2023—In the week ending April 8, the advance figure for seasonally adjusted initial claims was 239,000, an increase of 11,000 from the previous week's unrevised level of 228,000, according to the Department of Labor.
Inflation Slowed to 5% in March
Washington, DC, April 12, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in March on a seasonally adjusted basis, after increasing 0.4% in February, the U.S. Bureau of Labor Statistics reported.
Mohawk Rhinory Event Currently Underway in Austin, Texas
Austin, TX, April 12, 2023-Mohawk is currently holding a meeting in Austin, Texas with some of its best SmartStrand customers in attendance, including Great Floors, Carpet Exchange, DeGraaf Interiors, Bob's Carpet and Flooring and Brewer Carpet One Floor & Home.
Interceramic Closing TX Manufacturing, Corporate Functions & Showrooms
Dallas, TX, April 12, 2023—"Interceramic, the largest glazed floor tile manufacturer in North America, will close its United States operations this year,” reports the Dallas Morning News.
Mortgage Applications Rose 5.3% in Week Ending April 7
Washington, DC, April 12, 2023-Mortgage applications increased 5.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 7, 2023.