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Apr 01, 2021 / The Right News Right When It Happens

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Jobless Claims Rise But Remain Near Levels at Pandemic Onset

Washington, DC, April 1, 2021–In the week ending March 27, the advance figure for seasonally adjusted initial claims was 719,000, an increase of 61,000 from the previous week's revised level, according to the U.S. Department of Labor.

Today's Flooring News

Covestro Acquires DSM's Resins and Functional Materials

Leverkusen, Germany, April 1, 2021–German chemical manufacturer Covestro has announced its acquisition of DSM’s Resins and Functional Materials (RFM).

Construction Spending Down 0.8% in February

Washington, D.C., April 1, 2021–Construction spending during February 2021 was estimated at a seasonally adjusted annual rate of $1,516.9 billion, 0.8% below the revised January estimate of $1,529.0 billion, according to the U.S. Census Bureau.

CTDA, NAFCD Partner for Distributor Survey

Chicago, IL, April 1, 2021–The Ceramic Tile Distributors Association (CTDA) and North American Association of Floor Covering Distributors (NAFCD) have announced they will be collaborating for the 2021 CTDA-NAFCD Financial Benchmarking Report, which aims to optimize distributor performance in an environment of relentless pressure on profit margins.

February ISM Manufacturing Index Increased to 60.8%

Tempe, AZ, April 1, 2021–The February Manufacturing PMI registered 60.8%, an increase of 2.1 percentage points from the seasonally adjusted January reading of 58.7%. This figure indicates expansion in the overall economy for the ninth month in a row.

Southwest Flooring Market Begins Next Week

Arlington, TX, April 1, 2021–The Southwest Flooring Market gets underway next week, April 8 to 9, at the AT&T Stadium in Arlington, Texas.