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.

Construction Spending Down 0.7% in August

Construction Spending Down 0.7% in August

Washington, DC, October 3, 2022—Construction spending during August 2022 was estimated at a seasonally adjusted annual rate of $1,781.3 billion, 0.7% below the revised July estimate of $1,793.5 billion, according to the U.S. Census Bureau.

Purchasing Managers' Index Registered 50.9% in September

Purchasing Managers' Index Registered 50.9% in September

Tempe, AZ, October 3, 2022—The September Manufacturing Purchasing Managers’ Index (PMI) registered 50.9%, 1.9 percentage points lower than the 52.8% recorded in August, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

Ocean Transporters Cancelling Sailings Due to Lack of Demand

Ocean Transporters Cancelling Sailings Due to Lack of Demand

New York, NY, October 3, 2022—"Ocean carriers are canceling dozens of sailings on the world’s busiest routes during what is normally their peak season, the latest sign of the economic whiplash hitting companies as inflation weighs on global trade and consumer spending,” reports the Wall Street Journal.