News
Architectural Billings Weaken in November
The November 2022 Architecture Billings Index (ABI) dropped 1.1 points to 46.6, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts dipped from 48.6 in October to 46.9. November billings fell below 50 in all geographic regions except the South, which
October Canadian Furniture Store and Building Material Sales Grow
Canadian retail furniture store sales in October 2022 increased 0.1% from September to $1.17 billion (CAD) but were 6.5% lower than the same month in 2021. Sales for building material dealers rose 0.3% from September to $4.1 billion and were ahead 5.9% from 2021. Total Canadian retail sales improved 1.4% from September to $62 billion
Mexico Manufacturing Registers Progress in December
In December 2022, the seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 51.3, rising 0.7 from November and marking the most growth since June. The index increase was attributable to improved demand and expected higher prices in 2023. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’
Canadian Government Confirms Plans to Amend Its Formaldehyde Rule in 2023
This week Environment Climate Change Canada confirmed the government’s plans to amend the Canadian formaldehyde rule, which will enter into force in January 2023. The amendments are slated to be proposed after April 2023 and will address a few issues which CPA has worked with the government over the past year to address. In the
CPA Meets with EPA on TSCA Risk Assessment
CPA, along with other American Chemistry Council (ACC) Formaldehyde Panel representatives, met with EPA about the formaldehyde risk assessment the agency is conducting under the Toxics Substances Control Act (TSCA). Three topics were addressed during the meeting, including: a review of the EPA schedule for completing the assessment, an overview of an occupational exposure data
November Safety Report Now Available
North American composite panel mills in November reported 12 incidents. The average recordable incident rate (RIR) was 2.7, down from the October rate of 3.2. The year-to-date RIR is 2.3. A total of 34 out of 35 participating mills reported safety data for November. See Safety Report. More Info: Connie Klinkam
Manufacturing Index Lower in December
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in December 2022 was 46.2, dropping 1.5 points from November. Manufacturers reported a decrease in demand due to inflation and economic insecurity. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A
November Kitchen and Bath Cabinet Sales Strengthen YoY
U.S. kitchen and bath cabinet sales in November 2022 were 14.7% higher than the comparable month in 2021 but dropped 3.5% from October, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. Year-to-date sales grew 17.1% over 2021. Semi-custom sales increased 22.1% from November 2021 but decreased 6.5% from October.
U.S. RV Shipments Down in November
The RV Industry Association’s monthly survey of U.S. manufacturers reported November 2022 shipments reached 24,445 units, dropping 50.4% from the record-breaking November 2021. Compared to 2021, year-to-date shipments fell 15.6% to 472,691. See RV Industry Association
October U.S. Furniture Orders Decline
U.S. residential furniture factory orders in October 2022 decreased 29.6% from the comparable month in 2021. Year-to-date orders fell 29.5% over the same period in 2021. Furniture shipments increased 2% from October 2021 and were up 6.5% year-to-date. With shipments continuing to outpace new orders, October backlogs declined 47% from 2021. See Smith Leonard
Architectural Billings Weaken in November
The November 2022 Architecture Billings Index (ABI) dropped 1.1 points to 46.6, according to The American Institute of Architects (AIA) Economics & Market Research Group. A score above 50 indicates growth in billings. Design contracts dipped from 48.6 in October to 46.9. November billings fell below 50 in all geographic regions except the South, which
October Canadian Furniture Store and Building Material Sales Grow
Canadian retail furniture store sales in October 2022 increased 0.1% from September to $1.17 billion (CAD) but were 6.5% lower than the same month in 2021. Sales for building material dealers rose 0.3% from September to $4.1 billion and were ahead 5.9% from 2021. Total Canadian retail sales improved 1.4% from September to $62 billion
