Articles

Floor & Décor reported net sales of $1.1 billion in Q3 2023, up 0.9% from $1.1 billion in Q3 2022. Read More

"Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes,” reports the Wall Street Journal. Read More

CONFINDUSTRIA MARMOMACCHINE recently issued the tables created by the Association’s Studies Center regarding the stone sector’s export trends in the first half of 2023. The overall export figure – covering both materials and extraction and processing technologies – showed essential confirmation of the record levels of 2022 (+0.1%), or worth of 1,566.3 million euros. Read More

"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. Read More

Consumer sentiment declined 6% to 63.8 in October, according to the final results from the University of Michigan Survey of Consumers. Read More

Personal income increased $77.8 billion (0.3 percent at a monthly rate) in September. Disposable personal income (DPI)-personal income less personal current taxes- increased $56.1 billion (0.3 percent). Read More

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. The company reported an earnings loss of $760 million for Q3 2023, compared to a loss of $534 million in Q3 2022. Read More

Real gross domestic product (GDP) increased at an annual rate of 4.9 percent in the third quarter of 2023, according to the “advance” estimate. Read More

Annual spending for improvements and repairs to owner-occupied homes is expected to decrease at a moderate rate over the coming year, according to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. Read More

In the first eight months of 2023, total U.S. imports of ceramic tile were 125.8 million square meters, a decline of 9.9% from the same period in 2022. Read More