News
June Mexico Manufacturing Index Improves
The June seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 50.9, growing 0.4 points from May. Manufacturers reported an increase in production despite lower sales due to decreased demand. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading
May TFL Shipments Available to Members
Please LOGIN to review this restricted content. If you’ve requested a new password and did not receive one, please check your spam folder and also make sure the following domain is “whitelisted” as a safe sender: weblinkinternational.com. If you still did not receive a password reset email. please contact us. If you’re not a member,
Canadian Environmental Protection Act Amended
On June 13, Bill S-5, Strengthening Environmental Protection for a Healthier Canada Act, was passed into law. This is the first significant amendment to the Canadian Environmental Protection Act (CEPA) in over 20 years. Principally, the amendments recognize the right to a healthy environment and modernize the Chemicals Management Plan (CMP) legislative framework. CPA will
Consumer Confidence Improves in June
U.S. consumer confidence in June registered at 109.7, up 7.2 points from May, according to The Conference Board Consumer Confidence Index. The index measuring current business and labor market conditions rose 6.4 points to 155.3 in June. The short-term outlook index for income, business and the labor markets grew 7.8 points from May to 79.3. See The
May U.S. Home Sales Surge
U.S. sales of new single-family homes in May were at a seasonally adjusted annual rate of 763,000, growing 12.2% from April and 20% higher than the comparable month in 2022. The seasonally adjusted estimate of new homes for sale at the end of May was 428,000, representing a 6.7-month supply at the current sales rate.
U.S. Kitchen and Bath Cabinet Sales Dip in May
U.S. kitchen and bath cabinet sales in May were $236.2 million, 0.3% lower than the comparable month in 2022 but up 6.1% year-to-date to $1.2 billion, according to the Kitchen Cabinet Manufacturers Association’s (KCMA) monthly “Trend of Business” member survey. The number of cabinets sold decreased 16.3% compared to May 2022 and dropped 12.8% from
CPA Launches Innovation Awards Program
The application for the inaugural CPA Innovation Awards is now open to all members. This new award program, developed and managed by CPA’s Decorative Surfaces Council (DSC), recognizes significant and creative advances in technology, product development and service solutions in the industry. This is an additional awards program beyond the current recognition of plant safety
Construction Spending Grows in May
U.S. construction spending in May was estimated at a seasonally adjusted annual rate of $1.9 trillion, up 0.9% from April and 2.4% higher than May 2022. Year-to-date construction spending increased 2.9% to $740.8 billion compared to the same period in 2022. Private construction spending was $1.5 trillion, climbing 1.1% from April. Residential totals were $857.4
May U.S. Manufacturing Shipments Strengthen
Seasonally adjusted shipments for all U.S. manufacturing industries in May rose 0.3% from April to $572.6 billion. Wood product shipments were up 0.2% in May to $13.3 billion compared to the prior month. Shipments of furniture and related products grew 0.5% from April to $6.8 billion. New orders for all U.S. manufacturing improved 0.3% from
June U.S. Manufacturing Index Declines
The seasonally adjusted S&P Global U.S. Manufacturing Purchasing Managers’ Index (PMI) in June was 46.3, dropping 2.1 points from May. Manufacturers reported a steep drop in new orders and demand due to inflation and high interest rates. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks
Canada Manufacturing Index Weakens in June
The seasonally adjusted S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI) in June was 48.8, down 0.2 points from May. Manufacturers reported decreased output and new orders due to high interest rates and economic uncertainty. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw
June Mexico Manufacturing Index Improves
The June seasonally adjusted S&P Global Mexico Manufacturing Purchasing Managers’ Index (PMI) was 50.9, growing 0.4 points from May. Manufacturers reported an increase in production despite lower sales due to decreased demand. The PMI index comprises five sub-indices tracking changes in new orders, output, employment, suppliers’ delivery times and stocks of raw materials. A reading