Future market indicators component of the RMI decreased from 56 in the previous quarter to 48. Current market conditions also fell from 54 in the previous quarter to 50.
The U.S. Department of Commerce (DOC) yesterday issued a preliminary average duty of 22.14% on Chinese hardwood plywood drawing immediate protests from a group of hardwood plywood importers.
Armstrong World Industries Inc., an international designer and manufacturer of floors and ceilings, reported that its net income declined 83.2% in the first quarter ended March 31.
Kitchen cabinetry manufacturer Masco sales rose 4 percent to $1.9 billion, and North American cabinetry moved solidly into the black. Softness in Europe resulted in break even for Masco's global cabinet business.
Pairing of design-driven firms creates immediate strategic benefits to both brands and represents a major milestone in Herman Miller's plans for diversified growth.
Small business sales jumped dramatically in the first quarter 2013, up 56 percent compared with the same time the previous year, according to BizBuySell.com. What is behind the spike and will it have an impact on wood products companies?