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Jan 03, 2023 / The Right News Right When It Happens

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Construction Spending Rose 0.2% in November

Washington, DC, January 3, 2023—Construction spending during November 2022 was estimated at a seasonally adjusted annual rate of $1,807.5 billion, 0.2% above the revised October estimate of $1,803.2 billion, according to the U.S. Census Bureau.

Today's Flooring News

PMI Dips Slightly to 49% in November

Tempe, AZ, January 3, 2022- The November Manufacturing Purchasing Managers’ Index (PMI) registered 49%, 1.2 percentage points lower than the 50.2% recorded in October, according to the latest Manufacturing ISM Report On Business.

Consumer Spending Softened Before Holidays

Washington, DC, January 3, 2023—"The U.S. economy showed fresh signs of slowing late this year as consumer spending and business demand softened and inflation eased,” reports the Wall Street Journal.

More Companies Requiring a Return to Office in 2023

Washington, DC, January 3, 2023—"Companies including investment giant Vanguard Group, workplace technology company Paycom Software Inc. and others have sent directives to employees in recent weeks, urging workers to follow existing hybrid schedules or to come into the office on additional days in 2023, according to internal memos viewed by The Wall Street Journal and interviews with employees. In some cases, bosses have told those who fail to comply that they could face termination within weeks.”