Tag Archives: Economy

NMMA reports boating’s economic impact soars

NMMA National Marine Manufacturers Association

NMMA recently announced new data which found the annual economic impact of recreational boating increased 36%, from $170B in 2018 to $230B in 2023. The industry’s contributions to the U.S. workforce grew as well, with an 18% increase in jobs supported, from 691,000 in 2018 to more than 812,000 in 2023. Conducted by John Dunham & Associates, the study, last ...

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IBEX releases special event schedule

The International BoatBuilders’ Exhibition and Conference (IBEX) has announced that it has scheduled a slate of networking and special events to bring together industry professionals during the show, to be held September 27-29, 2022, at the Tampa Convention Center. New for 2022, on Wednesday, September 28th at 4 p.m. in the Tech Talk Theater, the Emerging Marine Leaders (EMLs) will ...

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Economist Elliot Eisenberg signed as opening keynote for the 2021 Boating Industry ELEVATE SUMMIT conference

Elliot Eisenberg at ELEVATE

Economist and columnist Dr. Elliot Eisenberg will once again kick off the first full day of the 2021 Boating Industry ELEVATE SUMMIT. For those of you who attended the inaugural ELEVATE in Orlando, or the virtual version in 2020, you know you will be educated and entertained as he presents on macroeconomic conditions such as GDP growth, interest rates, unemployment, inflation, consumer ...

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ORR provides breakdown of latest recreation economy data

This week the Bureau of Economic Analysis (BEA) released the latest ORSA (Outdoor Recreation Satellite Account) data, showing outdoor recreation remained a crucial part of the American economy in 2018 and 2019, generating $788 billion in output in 2019 alone. This is up from $778 billion in 2017 and $742 billion in 2016. This new government data on our sector will bolster our work ensuring recognition of the vast and growing ...

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NMMA says boat sales to remain strong in 2020

NMMA announced today retail unit sales of new powerboats are estimated to have held steady in 2019 at approximately 280,000 units, the second highest total since 2007. The busy winter boat show season kicks off this week across the country and NMMA expects new powerboat sales to be up as much as 2% in 2020. “Sales in 2019 were nearly ...

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Hey, D.C. – The House is on Fire!

In the late 1990’s the U.S. government was running a budget surplus with plans to be totally out of debt by 2006. Shortly after the new millennium our leaders decided to cut taxes, add prescription drugs as a new Medicare entitlement, and fight two wars on a credit card, all of which created significant annual deficits and turned a good ...

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Consumer confidence at 16-year high

The Consumer Confidence Index increased in August to 122.9, up from 120.0 in July. The Present Situation Index rose from 145.2 to 151.2 and the Expectations Index increased from 103.0 to 104.0. “Consumer confidence increased in August following a moderate improvement in July,” said Lynn Franco, director of economic indicators at The Conference Board. “Consumers’ more buoyant assessment of present-day ...

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Job openings increase to 6.2 million in June

The number of job openings increased by 461,000 to 6.2 million on the last business day of June, according to the U.S. Bureau of Labor Statistic’s report on Aug. 8. The job openings rate was 4.0 percent. The number of job openings increased for total private 9+417,000) and for government (+44,000). Job openings increased in a number of industries, with ...

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Consumer confidence in business conditions at 16-year high

The Conference Board Consumer Confidence Index improved in July and now stands at 121.1. The Present Situation Index increased from 143.9 to 147.8 and the Expectations Index rose from 99.6 to 103.3. “Consumer confidence increased in July following a marginal decline in June,” said Lynn Franco, Director of Economic Indicators at The Conference Board. “Consumers’ assessment of current conditions remained ...

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