Consumer Sentiment Rose 0.2% in July
Ann Arbor, MI, August 2, 2019—Consumer sentiment rose 0.2% to 98.4 in July from June’s 98.2 rate, according to final results from the University of Michigan.
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Orders for Manufactured Good Rose 0.6% in June
Washington, DC, August 2, 2019— New orders for manufactured goods in June, up following two consecutive monthly decreases, increased $3.1 billion or 0.6% to $493.8 billion, the U.S. Census Bureau reported.
David Sheehan Returns to Mannington as VP of Strategic Dev.
Salem, NJ, August 2, 2019––Mannington Mills has announced that David Sheehan has rejoined the company as vice president of strategic development.
Builder Confidence in 55+ Market Down One Point in Q2 to 71
Washington, DC, August 2, 2019-Builder confidence in the single-family 55+ housing market remained solid in Q2 with a reading of 71, edging down one point from the previous quarter due to softness in traffic of prospective buyers, according to the National Association of Home Builders' (NAHB) 55+ Housing Market Index (HMI).
Trade Deficit Shrunk Slightly in June
Washington, DC, August 2, 2019—June exports were $206.3 billion, $4.4 billion less than May exports, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Unemployment Held Steady at 3.7% in July
Washington, DC, August 2, 2019-Total nonfarm payroll employment rose by 164,000 in July, and the unemployment rate was unchanged at 3.7%, the U.S. Bureau of Labor Statistics reported.
NTCA Holds Annual Meeting in Montreal
Flowood, MS, August 2, 2019-The National Tile Contractors Association (NTCA) hosted its 2019 NTCA Five-Star Contractor Annual Summer Meeting in Montreal, Canada.
Kilbride Confirmed to Tennessee Valley Authority Board
Chattanooga, TN, August 2, 2019-The Senate has confirmed Bill Kilbride to the Tennessee Valley Authority Board, reports the Chattanooga Times Free Press.
Federal Reserve Cuts Rates for the First Time Since 2008
Washington, DC, August 1, 2019—The Federal Reserve released the following statement about its decision to cut rates by 0.25% for the first time since 2008,
Construction Spending Down 1.3% in June
Washington, DC, August 1, 2019—Construction spending during June 2019 was estimated at a seasonally adjusted annual rate of $1,287.0 billion, 1.3% below the revised May estimate of $1,303.4 billion, according to the U.S. Census Bureau.