Economic Snapshot: Consumer confidence at highest level in 16 years

Following a trend over the last few months of soaring consumer confidence, the index is now at its highest level since December 2000. Consumer confidence Consumer confidence increased from 116.1 in February to 125.6 in March. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 to 113.8. The …
Boating Industry

Economic Snapshot: Small business optimism at its highest level since 2004

December marked the second consecutive month of record-breaking small business optimism, now at its highest level in over 12 years. NFIB Small Business Optimism Index The National Federation of Independent Business Index of Small Business Optimism reached 105.8 in December, increasing 7.4 percent and rocketing the index to its highest level since 2004. “We haven’t …
Boating Industry

Economic Snapshot: Existing home sales at highest pace in over nine years

In addition to high existing home sales, the percentage of first-time buyers is at its highest level in four years. Existing home sales Total existing home sales increased 1.1 percent to a seasonally adjusted annual rate of 5.57 million in June, from a downwardly revised 5.51 million in May. Sales are now up 3.0 percent from June …
Boating Industry

Economic Snapshot: Builder confidence at highest level since 2005

Builder confidence rose this month, returning to levels seen at the end of 2005 near the completion of the housing boom. Builder confidence The Housing Market Index rose three points to 64 in October, the highest the index has seen in nearly a decade. The index has held in the 60s since June 2015. “With […]
Boating Industry

Economic Snapshot: Builder confidence reaches highest level since 2005

This week we take a look at the state of confidence and optimism for homebuilders and small businesses, both of which look wildly different from one another for the month. Housing market index Builder confidence in July rose to a level of 60, the highest level for the Housing Market Index since November 2005. The […]
Boating Industry

Economic Snapshot: GDP grows 5.0 percent, highest rate in 11 years

New home sales are unfortunately down from the previous year, but hopefully the strongest GDP growth in over a decade and some positive year-over-year gains in existing-home sales will keep everyone feeling cheerful for the holidays. GDP Third-quarter GDP was revised much higher than last month’s estimate, now reporting an increase of 5.0 percent for […]
Boating Industry

Marine Industry Certified Dealerships boast industry’s highest CSI scores

MINNEAPOLIS — According to the most recent data collected from the National Marine Manufacturers Association’s Customer Satisfaction Index Program, Marine Industry Certified Dealerships received higher CSI scores than non-Certified dealers across the board. Certified Dealers outperformed their non-Certified counterparts in all areas deemed most impactful to customer satisfaction: Overall rating of the boat, engine and […]
Boating Industry