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Economic Snapshot: Private sector employment adds 158,000 jobs

Private sector employment increased by 158,000 jobs from May to June, according to the June ADP National Employment Report. This is significantly fewer jobs than were added in May, when private sector employment increased by 230,000 jobs. Medium businesses contributed most heavily to the increase, adding 91,000 jobs. Large business added 50,000 jobs, while small businesses only added 17,000 jobs. ...

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Q&A with Torqeedo President Marcia Kull

Marcia Kull joined the Torqeedo team in May as its new president. Kull’s career in the marine industry began when she was an attorney specializing in product liability defense at Bowman and Brooke, eventually moving to Genmar Holdings and then Volvo Penta, where she was most recently the vice president of marine sales. Kull is enthusiastic about electric propulsion technology ...

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Economic Snapshot: Consumer confidence up in June

Consumer confidence, which decreased in May, increased to 118.9 in June. The Present Situation Index increased from 140.6 to 146.3, while the Expectations Index declined from 102.3 to 100.6. Consumers saying business conditions are “good” increased from 29.8 percent to 30.8 percent and those saying business conditions are “bad” declined from 13.9 percent to 12.7 percent. Consumers stating jobs are ...

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Economic Snapshot: June 2017 housing market report

A look at builder confidence, housing starts and existing home sales in the past month. Housing market index Builder confidence dipped two points to a level of 67 from a downwardly revised May reading of 69, according to the National Association of Home Builders/ Wells Fargo Housing Market Index. “Builder confidence levels have remained consistently sound this year, reflecting the ...

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Boat sales growth still slow in May

Boat sales grew in May, albeit at a slower rate, according to the latest Info-Link Bellwether report. According to Info-Link, the Bellwether report tracks sales of powerboats across the country based on new U.S. boat registrations on a rolling 12-month basis. Bellwether states are geographically dispersed states representing roughly half of the US boat market (varies by market segment and ...

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Suzuki unveils new 350 hp model

Suzuki Marine unveiled its all-new flagship DF350A V6 four-stroke in Boca Raton, Fla., last week at a gala global unveiling for boatbuilders and media. The all-new DF350A – described as “the ultimate four-stroke outboard” – features a wealth of new technology for Suzuki. Built on a 4.4L block, the 727-pound engine is the largest, most powerful outboard the company has ...

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Weekly 5: Powerboat registrations up 5 percent

The BI Weekly 5 is a collection of tips, news and data affecting the boating industry this week. Be sure to look for the BI Weekly 5 every week on BoatingIndustry.com. 1. Powerboat registrations up 5 percent Powerboat registrations were up 5 percent in the 12-month rolling period ending April 2017, according to The National Marine Manufacturers Association’s New Powerboat ...

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