The Composite Index of Leading Economic Indicators in the United States rose 0.1% in March, after no change in February. Analysts had forecast a 0.3% gain.
Laminate products manufacturer Pergo AB reported a first quarter 2002 operating profit of 7 million Swedish Kronor (U.S. $700,000) compared to a loss of 54 million Kronor (U.S. $5.4 millon) in the year-earlier period.
Economists for the National Association of Realtors (NRA) and for the National Association of Home Builders (NAHB) have forecasted a strong year for the housing market.
Ray Kline Jr., president of Chicago Adhesive Products Co. (Chapco), has confirmed that his company acquired GE Sealants & Adhesives’ commercial flooring adhesive business on April 1.