To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.
Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.
Inflation, supply-chain kinks and the continuing war in Ukraine continue to be serious concerns, but numerous companies with a global presence for exports are reporting optimism at the start of 2023.
Many Americans have experienced the unique sense of joy and freedom that comes with spending time in the great outdoors, and as more and more Americans flock to our nation’s waterways, Congress must focus on protecting boating access across the nation.
After two years of unprecedented growth, and with economic uncertainty looming on the horizon, marine marketers are focusing on digital as well as print efforts, and customer engagement — but with a wary eye on continued supply-chain issues, inventory shortages, inflation, fuel prices and more.
Inflation and rising interest rates remain top of mind for consumers despite a strong labor market
The U.S. economy added 235,000 jobs in February and the nation’s unemployment rate edged down to 4.7 percent, the Labor Department reported today. The government
The preliminary Consumer Sentiment Index for February declined to 95.7 from January’s 98.5, the highest level in a decade.
Reports last week on retail sales and housing starts in October showed both activities surging.
To wrap up 2022, marine retailers reported lower demand, expressed more negative sentiment and voiced concerns about rising inventory. Boat prices and the economy remained top of mind for dealers in December.
Founded in 1966, the International Council of Marine Industry Associations is a global organization composed of national boating federations and other bodies involved in the recreational marine industry. ICOMIA works on such issues as breaking down trade barriers, improving boating safety and promoting recreational boating worldwide.
Inflation, supply-chain kinks and the continuing war in Ukraine continue to be serious concerns, but numerous companies with a global presence for exports are reporting optimism at the start of 2023.
Many Americans have experienced the unique sense of joy and freedom that comes with spending time in the great outdoors, and as more and more Americans flock to our nation’s waterways, Congress must focus on protecting boating access across the nation.
Several indicators foreshadow a rocky six months.
After two years of unprecedented growth, and with economic uncertainty looming on the horizon, marine marketers are focusing on digital as well as print efforts, and customer engagement — but with a wary eye on continued supply-chain issues, inventory shortages, inflation, fuel prices and more.
Inflation and rising interest rates remain top of mind for consumers despite a strong labor market
The U.S. economy added 235,000 jobs in February and the nation’s unemployment rate edged down to 4.7 percent, the Labor Department reported today. The government
The preliminary Consumer Sentiment Index for February declined to 95.7 from January’s 98.5, the highest level in a decade.
Reports last week on retail sales and housing starts in October showed both activities surging.
