President Trump banned travel to the U.S. from the EU, and the stock market continued its plunge into bear territory.
Fears of a global recession increase.
Investor site Seeking Alpha follows luxury stock route.
February orders contracted, and Chinese factories dipped to their lowest level on record.
The S&P 500 is poised for its worst week since the 2008 financial crisis.
Companies cited domestic economic conditions in an Institute for Supply Management survey.
This could have implications for the boating industry, said Info-Link’s Jack Ellis. “People need to feel they’re settled in before buying toys.”
Dealers are optimistic after record sales in 2018 and a strong start to 2019.
The middle class’s growing reliance on credit, rising interest rates, and increasingly expensive boats could mean trouble for the marine industry.
Bruce Van Wagoner says inventory levels are “reasonable,” and that dealers and manufacturers are operating with more cooperation.
A new study shows marine trades had a 13 percent economic output in 2016.
The economic indicator that Navico CEO Leif Ottosson watches first and foremost is consumer confidence, and The Conference Board’s measure of the American consumer’s mood delivered good news to Navico and the rest of the recreational marine industry at the end of August.
Consumer confidence remained strong in two surveys released in late July, and employers added 157,000 jobs during the month, indicating that the economy continues to expand despite fears about President Donald Trump’s tough trade policies.