Industrial Production Rose 0.9% in March & 8.1% in Q1
Washington, DC, April 18, 2022-Total industrial production advanced 0.9% in March and rose at an annual rate of 8.1% for Q1, according to the Federal Reserve.
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.
Millions of Americas Plan to Abstain from Workforce Indefinitely
New York, NY, April 18, 2022—Several million workers who dropped out of the U.S. workforce during the Covid-19 pandemic plan to stay out indefinitely because of persistent illness fears or physical impairments, potentially exacerbating the labor shortage for years, new research shows, according to the Wall Street Journal.
RFCI Offering CEU on Demystifying Environmental Product Declarations
LaGrange, GA, April 18, 2022—The Resilient Floor Covering Institute wants architects or designers to have a better understanding of Environmental Product Declarations (EPDs).
Erickson's Flooring & Supply Co. Forms ESOP
Indianapolis, IN, April 18, 2022—Erickson's Flooring & Supply Co. has sold 100% of its stock to the Erickson's Employee Stock Ownership Plan and is now an employee-owned company.
March Retail Sales Rose 0.5% from February, 6.9% YOY
Washington, DC, April 14, 2022—Advance estimates of U.S. retail and food services sales for March 2022 were $665.7 billion, an increase of 0.5% from the previous month and 6.9% above March 2021, according to the U.S. Census Bureau.
Consumer Sentiment Rose 10.6% to 65.7 in Early April on Strong Employment
Ann Arbor, MI, April 14, 2022-Consumer sentiment rose 10.6% in early April to 65.7, according to preliminary results from the University of Michigan Survey of Consumers.
Initial Jobless Claims Rose 18K to 185,000 in Week Ending April 9
Washington, DC, April 14, 2022—In the week ending April 9, the advance figure for seasonally adjusted initial claims was 185,000, an increase of 18,000 from the previous week's revised level, according to the Department of Labor.
Import Prices Rose 2.6% in March; Exports Up 4.5%
Washington, DC, April 14, 2022—Prices for U.S. imports advanced 2.6% in March following a 1.6% increase in February and a 2.0% rise in January, the U.S. Bureau of Labor Statistics reported today.
Mortgage Applications Declined 1.3% in Week Ending April 8
Washington, DC, April 14, 2022—Mortgage applications decreased 1.3% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 8, 2022.
Confindustria Ceramica Names Soho Studio Distributor of the Year
New York, NY, April 14, 2022—Each year, Confindustria Ceramica (the Italian Association of Ceramics) recognizes a tile distributor for its achievements and contributions to the Italian ceramic industry in the North American market; now in its 26th edition, Ceramics of Italy is thrilled to honor New York-based company Soho Studio with the 2022 North American Distributor Award.