Tag Archives: Economy

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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Existing home sales drop as prices reach record highs

Existing home sales decreased 1.8 percent to a seasonally adjusted annual rate of 5.52 million in June, down from 5.62 million in May. June’s sales pace is 0.7 percent above the previous year, but is the second lowest in 2017. The median existing home price for all housing types was $263,800 in June, up 6.5 percent from a year ago. ...

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Economic Snapshot: Builder confidence drops in June

This month’s housing market index is the lowest reading since November 2016. Housing market index Builder confidence slipped two points to a level of 64 in July, from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index. “Our members are telling us they are growing increasingly concerned over rising material prices, particularly lumber,” ...

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Economic Snapshot: Job openings decrease in May

Though job openings decreased in May, the number of hires increased by nearly half a million. JOLTS The number of job openings decreased by 301,000 to 5.7 million on the last business day of May, the U.S. Bureau of Labor Statistics reported, and the job openings rate was 3.7 percent. The number of job openings decreased for total private (-283,000) ...

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