Breaking Flooring News

Dixie Group Sales Down 2.7% YOY in Q1, Net Loss of $857,000

Dalton, GA, May 2, 2024--The Dixie Group reported net sales for Q1 2024 were $65.3 million, a 2.7% decline compared to $67.1 million in the same period of the prior year.

Shaw Releases 2023 Corporate Sustainability Report

Dalton, GA, May 2, 2024-Shaw Industries has released its 2023 corporate sustainability report, the company’s 16th annual reporting of its efforts focused on people and the planet.

Orders for Manufactured Goods Rose 1.6% in March

Washington, DC, March 2, 2024-New orders for manufactured goods in March, up two consecutive months, increased $9.1 billion or 1.6% to $584.5 billion, the U.S. Census Bureau reported. This followed a 1.2% February increase.

Trade Deficit Narrowed Slightly to $69.4B in March

Washington, DC, March 2, 2024-The goods and services deficit was $69.4 billion in March, down $0.1 billion from $69.5 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.

Federal Reserve Takes Wait-and-See Stance on Interest Rates

New York, NY, May 2, 2024”—The Federal Reserve acknowledged a recent setback in its inflation fight but said it was more likely to keep interest rates at their current level for longer than to raise them again,” reports the Wall Street Journal.

Labor Productivity Rose 0.3% in Q1

Washington, DC, March 2, 2024—Nonfarm business sector labor productivity increased 0.3% in Q1 2024, the U.S. Bureau of Labor Statistics reported, as output increased 1.3% and hours worked increased 1.0%.

Construction Industry Job Openings Declined to 274K in March

Washington, DC, May 2, 2024—The construction industry had 274,000 job openings on the last day of March, according to an Associated Builders and Contractors analysis of data from the U.S. Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey.

Initial Jobless Claims Flat in Week Ending April 27

Washington, DC, March 2, 2024—In the week ending April 27, the advance figure for seasonally adjusted initial claims was 208,000, unchanged from the previous week's revised level, according to the Department of Labor.

AFS Group Acquires Chicago's Lewis Floor & Home

Columbus, OH, May 1, 2024—AFS Group has acquired the assets and intellectual property of Lewis Floor & Home.

Construction Spending Inched Down 0.2% in March

Washington, DC, May 1, 2024—Construction spending during March 2024 was estimated at a seasonally adjusted annual rate of $2,083.9 billion, 0.2% below the revised February estimate of $2,087.8 billion, according to the Department of Labor.

ISM Purchasing Managers' Index Declined to 49.2% in April

Tempe, AZ, May 1, 2024—The Manufacturing Purchasing Managers’ Index (PMI) registered 49.2% in April, down 1.1 percentage points from the 50.3% recorded in March, say the nation's supply executives in the latest Manufacturing ISM Report On Business.

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