Boat Building Production Index forecasts continued growth

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A new report is projecting boat production will grow through the first half of 2019 and face some moderation in the second half of 2019 and the first half of 2020.

The U.S. Boat Building Production Index from ITR Economics expects boat production will then pick back up during the second half of 2020.

The latest index, a quarterly report on boat production forecasts from ITR Economics, is now available for free download for members of the National Marine Manufacturers Association, the NMMA said.


Sales stagnate in March

Overall boat sales in March were slightly lower compared to last year and year-over-year growth was down by just over 1 percent, according to Statistical Surveys Inc., data that was gathered for 30 states.