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Oct 27, 2023 / The Right News Right When It Happens

Top Story

Mohawk's Sales Declined 5% in Q3, Earnings Loss of $760 Million

Calhoun, GA, October 27, 2023-Mohawk reported net sales of $2.8 billion for Q3 2023, a 5% decline compared to sales of $2.9 billion in the same quarter last year.

Today's Flooring News

Consumer Sentiment Declined 6% to 63.8 in October

Ann Arbor, MI, October 27, 2023-Consumer sentiment declined 6% to 63.8 in October, according to the final results from the University of Michigan Survey of Consumers.

Spending Rose 0.7% in September; Personal Income Up 0.3%

Washington, DC, October 27, 2023-Personal income increased $77.8 billion (0.3% at a monthly rate) in September, according to estimates released by the Bureau of Economic Analysis.

Inflation Expected to Keep Fed Rate Hike Paused

New York, NY, October 27, 2023-"The Federal Reserve’s favorite inflation measure is estimated to show that price pressures picked up modestly last month amid a surge in economic growth, a strong labor market and a consumer spending splurge,” reports the Wall Street Journal.

Mannington Comml. Forms Partnership with Appalachian Carbon Exchange

Calhoun, GA, October 27, 2023—Mannington Commercial, a manufacturer of commercial flooring products, is partnering with Appalachian Carbon Exchange (ACE), a non-profit initiative of the Tennessee River Gorge Trust, as its carbon offset partner.

Spec-ID and JengAI Products Now Integrate

Charlottesville, VA, October 27, 2023—Spec-ID, an innovator in commercial construction product data, announced the seamless integration between Spec-ID and JengAI.