Labor Productivity Rose 4.7% in Q3
Washington, DC, November 2, 2023-Nonfarm business sector labor productivity increased 4.7% in Q3 2023, the U.S. Bureau of Labor Statistics reported, as output increased 5.9% and hours worked increased 1.1%.
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.
Inside Edge Named to Minneapolis St. Paul Fast 50 List
Eagan, MN, November 2, 2023—Inside Edge Commercial Interior Services announced its recognition as ranking fifth on the Fast 50 List by the Minneapolis St. Paul Business Journal for 2023.
Mid Atlantic Floor Covering Assoc. Names Winners of 2023 Golf Event
Fredericksburg, VA, November 2, 2023—Mid Atlantic Floor Covering Association announced the winners of its tournament, held October 26 at the Whiskey Creek Golf Club in Ijamsville, Maryland.
Orders for Manufactured Goods Rose 2.8% in September
Washington, DC, November 2, 2023—New orders for manufactured goods in September, up six of the last seven months, increased $16.1 billion or 2.8% to $601.5 billion, the U.S. Census Bureau reported.
Initial Jobless Claims Rose by 5,000 in Week Ending October 28
Washington, DC, November 2, 2023—In the week ending October 28, the advance figure for seasonally adjusted initial claims was 217,000, an increase of 5,000 from the previous week's revised level, according to the Department of Labor.
Impact Property Solutions Acquires Arizona's Interior Concepts
Dallas, TX, November 1, 2023—Impact Property Solutions, a Dallas, Texas-based portfolio company of Blue Sage Capital, has acquired Interior Concepts, an Arizona-based provider of flooring products and installation services to multifamily and commercial properties.
Sept. Construction Spending Rose 0.4% from Aug., Up 8.7% YOY
Washington, DC, November 1, 2023-Construction spending during September 2023 was estimated at a seasonally adjusted annual rate of $1,996.5 billion, 0.4% above the revised August estimate of $1,988.3 billion, according to the U.S. Census Bureau.
Three Flooring Distributors Form Consortium for National Coverage
Santa Fe Springs, CA, November 1, 2023-Several large flooring distributors--Belknap-Haines, All Surfaces and Tri-West--have joined to form INA (Interiors North America), providing nationwide distribution for a growing portfolio of private-label products.
Mortgage Applications Declined 2.1% in Week Ending October 27
Washington, DC, November 1, 2023—Mortgage applications decreased 2.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 27, 2023.
ISM's Purchasing Managers' Index Declined to 46.7% in October
Tempe, AZ, November 1, 2023—The Manufacturing Purchasing Managers’ Index (PMI) registered 46.7% in October, 2.3 percentage points lower than the 49% recorded in September say the nation's supply executives in the latest Manufacturing ISM Report On Business.