U.S. Kitchen and Bath Cabinet Revenue Grows Year Over Year
U.S. kitchen and bath cabinet sales in April were $256.1 million, 8.6% higher than the comparable month in 2022 and up 7.6% year-to-date to $978.9 million, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. The number of cabinets sold decreased 3.4% compared to April 2022 but rose 2.7% from
May Consumer Confidence Drops
U.S. consumer confidence in May registered at 102.3, down 1.4 points from April, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions fell 3.2 points to 148.6 in May. The short-term outlook index for income, business and the labor markets dipped 0.2 points from April to 71.5. See The
U.S. Furniture Orders Continue to Rise
U.S. residential furniture factory orders in March were $2.2 billion, down 14.5% from March 2022 but a 9.3% improvement from February. Furniture shipments dipped 16.5% from March 2022 to $2.9 billion but climbed 18.6% from February. With shipments continuing to outpace new orders, March backlogs were $3.2 billion, declining 63.5% from last year and 6.0%
Construction Spending Strengthens in April
U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $1.9 trillion, up 1.2% from March and 7.2% higher than March 2022. Year-to-date construction spending increased 6.1% to $566.7 billion compared to the same period in 2022. Private construction spending was $1.5 trillion, climbing 1.3% from March. Residential totals were $845.4
May U.S. Manufacturing Index Declines
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in May was 48.4, dipping 1.8 points from April. Manufacturers reported a decline in new orders, the most significant drop in three months. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials.
Canada Manufacturing Index Weakens in May
The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in May was 49, down 1.2 points from April. Manufacturers reported a decrease in output and new orders due to inflation. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading
U.S. Kitchen and Bath Cabinet Revenue Grows Year Over Year
U.S. kitchen and bath cabinet sales in April were $256.1 million, 8.6% higher than the comparable month in 2022 and up 7.6% year-to-date to $978.9 million, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. The number of cabinets sold decreased 3.4% compared to April 2022 but rose 2.7% from
May Consumer Confidence Drops
U.S. consumer confidence in May registered at 102.3, down 1.4 points from April, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions fell 3.2 points to 148.6 in May. The short-term outlook index for income, business and the labor markets dipped 0.2 points from April to 71.5. See The
U.S. Furniture Orders Continue to Rise
U.S. residential furniture factory orders in March were $2.2 billion, down 14.5% from March 2022 but a 9.3% improvement from February. Furniture shipments dipped 16.5% from March 2022 to $2.9 billion but climbed 18.6% from February. With shipments continuing to outpace new orders, March backlogs were $3.2 billion, declining 63.5% from last year and 6.0%
Construction Spending Strengthens in April
U.S. construction spending in April was estimated at a seasonally adjusted annual rate of $1.9 trillion, up 1.2% from March and 7.2% higher than March 2022. Year-to-date construction spending increased 6.1% to $566.7 billion compared to the same period in 2022. Private construction spending was $1.5 trillion, climbing 1.3% from March. Residential totals were $845.4
May U.S. Manufacturing Index Declines
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in May was 48.4, dipping 1.8 points from April. Manufacturers reported a decline in new orders, the most significant drop in three months. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials.
Canada Manufacturing Index Weakens in May
The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in May was 49, down 1.2 points from April. Manufacturers reported a decrease in output and new orders due to inflation. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading
