The Wall Street Journal says consumers “flexed their muscles” in June. For Reuters, the 0.6 percent gain in retail sales for the month was important for what it said about second-quarter growth.
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.
Is the U.S. economy losing its momentum? That’s what those who watch the course of American commerce were worried about until Friday, when they got two pieces of good news: Job growth surged in June and wages continued to rise.
The U.S. job market once picked up speed in June, new government data showed today, exceeding analyst expectations after a disappointing jobs report in the month prior.
During the nearly two-week period since voters in the United Kingdom decided their country should leave the European Union, reports about the American economy and U.S. consumers have been generally upbeat.
The marine industry and manufacturing analysts weighed in on the United Kingdom’s decision last week to exit the European Union, which shocked many experts.
Last week economy watchers focused on Fed chairman Janet Yellen’s testimony before U.S. congressional committees on the American economy and the prospects for increases in the Fed’s key lending rate in the months ahead.
Common sense has finally prevailed. Pantaenius, a U.S. marine insurer, said it will offer coverage for American boats traveling in Cuban waters. This eliminates a major barrier to cruising and fishing in Cuba, in my opinion.
Great Britain voted to leave the European Union, resulting in the resignation of Prime Minister David Cameron and sending stock markets globally into turmoil.
Colombia Nautica said it named Miguel Angel Franco as the company’s first director.
One of the things U.S. companies need to do so the economy will reliably grow is invest, and they have not been doing much of it in recent years.