Mallorca by Land, Air and Sea

This monthly special report is a compilation of NMMA data and data available on NMMA.org released in August.

Friday, 25 August 2017

 

For more information on NMMA’s Industry Statistics and Research department, please contact stats@nmma.org.

June New Powerboat Registrations Report Available, Up 5 Percent

NMMA’s New Powerboat Registrations Report has been updated through June 2017, and advance data show new powerboat registrations were up 5 percent year-over-year (YOY) for the rolling twelve-month (R12M) period through June. Nearly all segments were up through June (R12M YOY). Growth in registrations was led by the following segments: jet boats (up 10.9 percent), tow boats (up 8 percent), saltwater fishing boats (up 7.9 percent), pontoons (up 7.8 percent) and personal watercraft (up 7.1 percent). Read more

New Study Reveals 142 Million Americans Went Boating In 2016

An estimated 142 million Americans (adults and children under the age of 18) went boating in 2016 – 36 percent of U.S. households – according to the 2016 Recreational Boating Participation Study, released today by the National Marine Manufacturers Association (NMMA), Recreational Boating and Fishing Foundation (RBFF) and Discover Boating. Of the 142 million individuals, 17 million individuals were first-time participants, and half of these first-time participants were children under age 18. Of those Americans who went boating in 2016, those who spent the most hours on the water or engaged in fishing and water sports were more likely to consider purchasing a boat. Read more

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This monthly special report is a compilation of NMMA data and data available on NMMA.org released in August. For more information on NMMA’s Industry Statistics and Research department, please contact stats@nmma.org.

June New Powerboat Registrations Report Available, Up 5 Percent

NMMA’s New Powerboat Registrations Report has been updated through June 2017, and advance data show new powerboat registrations were up 5 percent year-over-year (YOY) for the rolling twelve-month (R12M) period through June. Nearly all segments were up through June (R12M YOY). Growth in registrations was led by the following segments: jet boats (up 10.9 percent), tow boats (up 8 percent), saltwater fishing boats (up 7.9 percent), pontoons (up 7.8 percent) and personal watercraft (up 7.1 percent). Read more

New Study Reveals 142 Million Americans Went Boating In 2016

An estimated 142 million Americans (adults and children under the age of 18) went boating in 2016 – 36 percent of U.S. households – according to the 2016 Recreational Boating Participation Study, released today by the National Marine Manufacturers Association (NMMA), Recreational Boating and Fishing Foundation (RBFF) and Discover Boating. Of the 142 million individuals, 17 million individuals were first-time participants, and half of these first-time participants were children under age 18. Of those Americans who went boating in 2016, those who spent the most hours on the water or engaged in fishing and water sports were more likely to consider purchasing a boat. Read more

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ICOMIA’s Quarterly Economic Statistics Report By Country Is Now Available

ICOMIA’s 2017 Quarterly Economic Statistics Report by Country: Edition One is now available. Edition One covers the first quarter of 2017, and some of Q2. NMMA members have free access to the report, which can be downloaded here. The report contains quarterly information on economic development including: inflation rates, economic growth, car registrations/sales, consumer confidence, producer price index and the Big Mac Index, in 46 countries across the world. Read more

Employment Increased In 342 Metropolitan Areas From June 2016-June 2017

From June 2016 to June 2017, nonfarm payroll employment increased in 342 metropolitan areas, decreased in 39 areas, and was unchanged in seven areas, according to the Bureau of Labor Statistics. The largest over-the-year percentage gains in employment occurred in Manhattan, Kansas (+7.8 percent), Fort Collins, Colorado (+7.2 percent), and Sebring, Florida (+5.7 percent). The largest numerical increases were in New York-Newark-Jersey City, New York-New Jersey-Pennsylvania (+169,500), Dallas-Fort Worth-Arlington, Texas (+115,300), and Los Angeles-Long Beach-Anaheim, California (+102,600). Read more

ECONOMIC INDICATOR NEWS

First Round Of NAFTA Talks Concludes As Negotiators Lay Out “Accelerated” Schedule

Politico reported that trade negotiators said Sunday following the conclusion of the first round of NAFTA talks that Canada, Mexico, and the United States “are determined to reach an agreement as soon as possible” on a revised treaty. The negotiators’ joint statement said that the three countries “are committed to an accelerated and comprehensive negotiation process” and that trade representatives “will continue domestic consultations and work to advance negotiating text through the end of August, and will reconvene in Mexico for a second round of talks from September 1-5.” Reuters reported that the trade negotiators from Canada, Mexico, and the United States plan to hold meetings every three weeks until the end of the year. Trade experts, however, “have consistently said that the schedule is far too ambitious, given the amount of work and differences on key issues.” The Wall Street Journal reported that the first round of talks covered more than two dozen different NAFTA topics and that meetings are scheduled in Canada in late September and in the US in October, in addition to the September 1-5 meeting in Mexico.

US Economic Expansion May Last Two More Years, Experts Say

Reuters reported that according to a poll of economists it conducted, the majority believe that “the U.S. economic expansion will last at least another two years.” The article added that “the recovery from the devastating 2007-2009 financial crisis has been unusually lengthy,” and, “the latest growth stretch has already lasted 96 months.” Describing its poll responses, Reuters wrote that “the U.S. expansion has more than two years to go, according to 34 of 57 economists who answered an additional question on the business cycle,” and it added, “of those economists, 21 said it would last two to three years and 13 said more than three years.”

Trump Signs Executive Order To Streamline Infrastructure Project Approval

USA Today reported that President Trump “signed an executive order Tuesday meant to speed up the approval process for road, bridge, and airport projects across the country – a major priority of his legislation.” On signing the measure, Trump said it “would dramatically reform the nation’s badly broken infrastructure permitting process.” USA Today also quoted the president saying, “one agency alone can stall a project for many, many years and even decades.” The order, the article added, “would require one lead agency for each major infrastructure project – and hold agencies accountable if they don’t take action to make their permitting process faster.” CNN reported that the president insisted that his Administration “is working every day to deliver the world-class infrastructure that our people deserve, and frankly, that our country deserves.” The order, Reuters reported, also calls for revoking “an Obama-era executive order aimed at reducing exposure to flooding, sea level rise and other consequences of climate change.” According to the Washington Post, Trump said the approval process “was ‘badly broken’ and that the nation’s infrastructure was a ‘massive self-inflicted wound on our country,’” adding that there will “no longer” be “one job-killing delay after another” for new projects.

NY Fed: August Manufacturing Index Highest Since September 2014

The AP reported that “factory activity in New York surged this month to the highest level in nearly three years.” The article states that the Federal Reserve Bank of New York’s Empire State Manufacturing Index “jumped to 25.2 this month from 9.8 in July,” and adds that “the August reading was the highest since September 2014.” The AP wrote that “new orders, shipments and hiring all picked up in August.” In addition, “factories also expressed optimism that conditions would continue to improve over the next six months.” The article also pointed out that the Empire State Index “measures sentiment among firms in New York State, but is closely followed by economists because it provides an early read on factory output nationwide.” The Rochester (NY) Business Journal reported that “business activity grew strongly among New York’s manufacturers in August.” The Business Journal added that “looking ahead, manufacturers were quite optimistic about business conditions,” noting that “the index of future business conditions rose 10 points to 41.3.”

US Labor Force Participation Continues To Rise

USA Today reported that US employers added 209,000 jobs in July, pushing the labor force participation rate from 62.7 percent to 62.9 percent and representing what many observers consider a “vibrant labor market” that is continuing “to draw hundreds of thousands of Americans back into the labor force” and that is “especially lifting less-educated workers in their prime working years.” The trend “could have significant implications for wage growth and interest rates,” as rising labor force participation slows the decline of the unemployment rate, helping to prevent the acceleration of average pay increases and to temper inflation, “which could prompt the Federal Reserve to put off an anticipated third interest rate hike in 2017.”

PREVIOUS TOP STORIES

 • NMMA Member And Other Fishing Industry Leaders Testify In Alaska On Magnuson-Stevens Act
 • ELFA: US Business Borrowing For Equipment Rises 12.9 Percent In July

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