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ECONOMIC INDICATORS – THE LATEST UPDATES

Get the most recent economic indicators from Boating News Net which includes a mixed bag of tricks. Second quarter GDP was upwardly revised to 1.7 due to inventory investment and consumer spending for services. Imports subtracted nearly 4.6% from GDP in the second quarter, the largest reduction in the history of the quarterly index. Domestic purchases rose for the fourth consecutive quarter, while consumer confidence hit a seven month low due to economic conditions and worsened short term outlooks. CEO Confidence remained unchanged, remaining steady at 62. Retail sales gained due to back-to-school consumption. Light vehicle sales were up 29% from a year ago, while total automotive is up 10%. Wholesale shipments of powerboats are trending upward. Click for More
The Consumer Confidence Index, which had improved in August, retreated in September. Click for More
PLUS! How can sailing take advantage of record-setting trends witnessed in the Backyard, Car and RV Camping industries? Click for More
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SEND US YOUR COMPANY NEWS!

Sail America News is interested in your firm’s news, events, activities and job postings, plus your ideas for The Sailing Life guest column! Send press releases or inquiries for consideration to Editor Wanda Kenton Smith or Sail America Executive Director Jonathan Banks, (job inquiries only to Jonathan Banks, please).
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