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Consumer spending fell for first time in nearly two years
March 3rd, 2025
Consumer spending in the U.S. dropped 0.2% in January—the first monthly decline since March 2023. The U.S. Bureau of Economic Analysis measures spending through the Personal Consumption Expenditures (PCE) index, and it decreased $30.7 billion. The bureau said that this reflected a $76.7 billion decrease in spending for goods and a $46.0 billion increase in […]
Precision Textiles, Culp Home Fashions launch flame-resistant inlay yarn
March 3rd, 2025
Image: Precision Textiles Precision Textiles, Fairfield, N.J., announced the company has partnered with Culp Home Fashions, Stokesdale, N.C., to launch the patented IQ Flame Resistant (FR) Inlay yarn for the bedding and mattress industry. The yarn allows manufacturers to produce mattress covers with FR technology without the need for lamination. “We partnered with Culp Home […]