Industry News

Consisting of builders, dealers, marinas, parts and accessories makers and sellers and the trade groups that serve them, the marine industry is a sprawling and colorful collection of companies and people. From the number and type of boats it sells to its advocacy for the rights of boaters to enjoy their recreation on pollution-free waters, using fuel that doesn't damage their engines, the industry makes news in many ways.

National Safe Boating Week continues through Friday

Boating safety advocates across North America are promoting safety and responsibility on the water during National Safe Boating Week, which always precedes the unofficial start of boating season on Memorial Day weekend.

Regional Fed manufacturing surveys diverge

So what’s the state of U.S. manufacturing? Dueling Federal Reserve indexes for the New York and Philadelphia areas countered each other last week during a period that was generally light on economic reports.

Boat sales continue gains in April

Far from slipping into a “lull,” as it did in 2016 after strong March sales, the U.S. recreational boating industry achieved moderate gains in April this year that included double-digit growth in the pontoon category.

Hiring surge has yet to spark wage growth

The United States added 211,000 jobs in April, rebounding as expected from a lackluster weather-jinxed March, but although quite a few more people will start getting paychecks, those who have been working aren’t seeing very much income growth from the strengthening economy.

Dealer confidence still near record high

Marine dealer sentiment ticked down slightly in April, but was significantly higher than in the same month last year for businesses surveyed in the MRAA/Baird Marine Retailer Pulse Report.

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