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Oct 01, 2020 / The Right News Right When It Happens

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Construction Spending Rose 1.4% in August

Washington, DC, October 1, 2020—Construction spending during August 2020 was estimated at a seasonally adjusted annual rate of $1,412.8 billion, 1.4% above the revised July estimate of $1,392.7 billion, according to the U.S. Census Bureau.

Today's Flooring News

E.J. Welch Acquires Territories from Gilford-Johnson

St. Louis, MO, October 1, 2020—E. J. Welch, a division of Center Rock Capital Partners’ Merit Distribution Group, based in St. Louis, Missouri, has acquired the Indiana, Western Tennessee, Kentucky and Ohio territories of Gilford-Johnson Flooring effective September 28, 2020.

Consumer Spending Rose 1.0% in August

Washington, DC, October 1, 2020—Personal income decreased $543.5 billion (2.7%) in August, according to estimates released by the Bureau of Economic Analysis.

Kellie Ballew Named Vice President of Global Sustainability for Shaw

Dalton, GA, October 1, 2020—Shaw Industries has promoted Kellie Ballew to vice president of global sustainability.

Purchasing Managers' Index Dipped to 55.4% in September

Tempe, AZ, October 1, 2020-The September Purchasing Managers’ Index (PMI) registered 55.4%, down 0.6 percentage point from the August reading of 56%, according to the Manufacturing ISM Report On Business.

Floor Folio Receives Approval to Provide CEUs

Edison, NJ, October 1, 2020—FloorFolio Industries receives approval to become an authorized provider of (CEUs) continuing education units.

Denver ProSource Files For Bankruptcy

Denver, CO, October 1, 2020—The Denver franchisee of wholesale flooring retailer ProSource, led by Brett Martin, has filed for Chapter 11 bankruptcy, reports Business Den.

Initial Jobless Claims Declined by 36,000 in 4th Week of September

Washington, DC, October 1, 2020-In the week ending September 26, the advance figure for seasonally adjusted initial claims was 837,000, a decrease of 36,000 from the previous week's revised level, according to the Department of Labor.