Import Prices Declined 0.4% in May, Export Prices Down 0.6%
Washington, DC, June 14, 2024— Prices for U.S. imports decreased 0.4% in May following a 0.9% advance the previous month, the U.S. Bureau of Labor Statistics reported.
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.
Stump Reports on NeoCon/Design Days 2024
Chicago, IL, June 14, 2024-Stump issued the following report about Chicago's Design Days 2024,
Flooring Liquidators Opens Large Showroom in Missouri
Las Vegas, NV, June 14, 2024-Live Ventures Incorporated announced that its subsidiary Flooring Liquidators has opened a 60,000 square foot store in Springfield, Missouri.
Producer Prices Declined 0.2% in May
Washington, DC, June 13, 2024-The Producer Price Index for final demand declined 0.2% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Fed Expected to Cut Rates Once in 2024
New York, NY, June 13, 2024-"Federal Reserve officials penciled in just one interest-rate cut for this year, indicating most are in no hurry to lower rates, even after a widely watched report Wednesday showed inflation improved last month,” reports the Wall Street Journal.
Initial Jobless Claims Rose 13,000 in Week Ending June 8
Washington, DC, June 13, 2024—In the week ending June 8, the advance figure for seasonally adjusted initial claims was 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000, according to the Department of Labor.
Cali to Open New Pacific Northwest Distribution Center
San Diego, CA, June 13, 2024—Cali will open a new distribution center in the Pacific Northwest in July 2024.
Zeftron's Tim Blount to Retire
Dalton, GA, June 12, 2024-After more than four decades with Zeftron nylon, executive Tim Blount announced he will retire, effective June 15.
Inflation Eased to 3.3% in May
Washington, DC, June 12, 2024—The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S. Bureau of Labor Statistics reported.
Mortgage Applications Rose 15.6% in Week Ending June 7
Washington, DC, June 12, 2024—Mortgage applications increased 15.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.