Producer Price Index Drops, Core Rate Up
Washington, DC, October 17, 2006—The producer price index dropped by 1.3% in September, as the price of energy goods tumbled at the fastest rate in 20 years.
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.
Retail Sales Off on Falling Gas Prices
Washington, DC, October 13, 2006-- The sharp drop in gasoline prices drove the value of U.S. retail sales down by 0.4% in September, the Commerce Department reported Friday.
Consumer Sentiment Up
Ann Arbor, MI, October 13, 2006--Consumer sentiment improved in October, according to researchers at the University of Michigan on Friday.
Trade Gap Sets Record in August
Washington, DC, October 12, 2006--The trade gap of goods and services set a new record high in August, driven up once again by a record price of crude oil, a government report showed Thursday.
Bernanke: Fed Eyeing Housing & Inflation
Washington, DC, October 5, 2006--The Federal Reserve remains worried inflation is too high, but is also watching to see how much a "substantial correction" in housing markets will slow economic growth, Fed Chairman Ben Bernanke said.
ADP: 78,000 Jobs Added in September
Roseland, NJ, October 4, 2006--Private employers added 78,000 jobs in September, according to the ADP National Employment Report.
Office Furniture Order Growth Slows
Grand Rapids, MI, October 3, 2006--Office furniture order growth slowed again in August, continuing months of erratic growth that analysts said was a further sign the market is moderating.
Honeywell to Expand Caprolactam Production
Morris Township, NJ, October 3, 2006—Honeywell Resins & Chemicals today announced that it will expand production of caprolactam, a key raw material used in the production of nylon, at its Hopewell, Va. facility.
Invista Affiliate Acquires Yarn Processing Assets
Hattersheim, Germany, October 2, 2006--An Invista affiliate acquired the yarn processing assets of Mitex, a leading yarn processing company in North-Eastern Bavaria.
Faus Wins 2006 Design Of Times Display Award
Calhoun, GA, October 2, 2006-– Faus Group, Inc. (“Faus”) won a first place Gold award for its Fausfloor® Gallery independent retail store laminate display during the IN-STORE Marketing Expo held in Chicago, Illinois.