GDI Data Indicates U.S. Economy Is Stagnating, Not Receding
New York, NY, August 29, 2022-The economy may not by receding but stagnating, says the Wall Street Journal’s Jon E. Hilsenrath.
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.
Former Armstrong Execs Seeking $4.5M in Severance & Unpaid Benefits
Lancaster, PA, August 29, 2022-Former Armstrong Flooring executives say they are owed more than $4.5 million for unpaid earned vacation, severance and deferred retirement contributions, reports Lancaster Online.
Kathy Ireland Partnering with Mohawk on Rug Line
Dalton, GA, August 29, 2022-Kathy Ireland will launch a new rug line with Mohawk, reports Furniture Today.
Consumers Continue to Shop for Home Goods Despite Inflation
High Point, NC, August 29, 2022—Retailers have been plagued by rising operational costs and a decrease in in-store shoppers, but new data suggests that consumers have not been entirely deterred by the higher cost of goods, reports Furniture Today.
Mohawk Provides Support for 2022 Komen 3-Day Series
Calhoun, GA, August 29, 2022—A partner of Susan G. Komen for over 20 years, Mohawk will continue to cushion the fight against breast cancer during the 2022 Komen 3-Day Series.
Architecture Billings Remain Positive in July at 51
Washington, DC, August 26, 2022—The Architecture Billings Index (ABI) score for July was 51.0, according to The American Institute of Architects (AIA).
Consumer Sentiment Rose 13% in August to 58.2
Ann Arbor, MI, August 26, 2022—Consumer sentiment rose 13% to 58.2 in August, according to final results from the University of Michigan Survey of Consumers.
Kitchen & Bath Industry Records Q2 Slowdown
Bethlehem, PA, August 26, 20220—The National Kitchen & Bath Association (NKBA) Kitchen & Bath Market Index (KBMI) for Q2 of 2022 indicates that the sector is seeing signs of a cooldown, with industry leaders anticipating decelerated growth through the rest of the year.
Imports of Multilayered Wood Flooring Up 30% in First Half of 2022
Washington, DC, August 26, 2022—U.S. imports of multilayered wood flooring are up by 30% in volume and 32% in value in the first six months of this year versus the same period last year, according to the Decorative Hardwoods Association.
Personal Income Inched up 0.2% in July, Spending Up 0.1%
Washington, DC, August 26, 2022-Personal income increased $47.0 billion (0.2%) in July, according to estimates released by the Bureau of Economic Analysis.