Consumer Sentiment Rose 2.4% in Early April
Ann Arbor, MI, April 14, 2023-Consumer sentiment rose 2.4% in early April, according to preliminary results from the University of Michigan Survey of Consumers.
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Value of Construction Starts Expected to Flatten in 2023
Washington, DC, April 14, 2023—The value of construction starts will flatten in 2023, said chief economist Richard Branch, in his keynote speech at the Dodge annual Outlook 2023 event.
Import Prices Declined 0.6% in March, Export Prices Down 0.3%
Washington, DC, April 14, 2023—U.S. import prices decreased 0.6% in March following a 0.2% decline in February, the U.S. Bureau of Labor Statistics reported.
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.
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.