| Oct 01, 2020 / The Right News Right When It Happens | Top Story | | 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. | |
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| 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. | |
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| | 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. | |
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| | 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. | |
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| 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. | |
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| 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. | |
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| 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. | |
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| 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. | |
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