Few important economic reports are due this week and we’ll have to wait until Friday to see them, but we should pay close attention to retail sales data for April and the University of Michigan’s preliminary Consumer Sentiment Index for May.
The marine industry is a global enterprise. Builders, dealers, marinas, equipment manufacturers and other businesses are found worldwide, and there are major boat shows on all continents.
U.S. employment growth slowed in April as the economy added 160,000 jobs, the smallest increase since September.
The International Superyacht Society said YachtInfo — its educational platform — will present a seminar on visiting Norway and Cuba today during the MYBA’s 28th annual Charter Show in Genoa, Italy.
Consumers are earning more, but they’re not spending much of that increased income and their confidence in the economy and their place in it is lower than it has been in months.
Consumer confidence slipped in April more than economists expected as the public proved to be less optimistic about the economy in the short term than they were last month.
There are few economic indicators more telling than home purchases. When sales are rising, they confirm that consumers have money to spend, they feel secure in their jobs and they’re optimistic about the future.
A postcard returned to Great Britain’s Marine Biological Association was recognized by the Guinness World Records as the oldest message in a bottle ever found.
Nobody asked them, but 19 percent of those who were polled for the University of Michigan’s preliminary sentiment index for April spoke up and said news about government policy and the raucous and often raw presidential primaries leaves them less positive about the national economy.
Clamcleats Ltd. said it recently purchased a new cold chamber die-casting machine made by Colosio to help revamp its foundry in Welwyn Garden City, England.
Grundéns, the Swedish manufacturer of protective clothing for the commercial marine industry, launched a line of sportfishing apparel that combines professional-grade quality with style, new materials and purpose-driven features.