Economic Snapshot: Small business optimism levels off in March

The National Federation of Independent Business Small Business Optimism Index slipped 0.6 points to 104.7 in March. The small business optimism index remains strong and at record-high levels, despite the slight decline this month. “Small business owners remain optimistic about the future of the economy and the direction of consumer confidence,” said NFIB President and …
Boating Industry

Economic Snapshot: Consumer confidence at highest level in 16 years

Following a trend over the last few months of soaring consumer confidence, the index is now at its highest level since December 2000. Consumer confidence Consumer confidence increased from 116.1 in February to 125.6 in March. The Present Situation Index rose from 134.4 to 143.1 and the Expectations Index increased from 103.9 to 113.8. The …
Boating Industry

Economic Snapshot: Existing home sales dip slightly

Although existing home sales decreased, February’s sales pace is still 5.4 percent above the previous year. 2017 started at the fastest pace of existing home sales in almost a decade. Existing home sales Total existing home sales dropped 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February, down from 5.69 million in …
Boating Industry

Economic Snapshot: Private sector employment adds record-high jobs in February

Private sector employment increased by 298,000 jobs from January to February, according to the February ADP National Employment Report. This is up from 261,000 jobs added in January and the largest increase since June 2014. The report also marks the fourth consecutive month of monthly private sector job growth above 200,000. “February proved to be …
Boating Industry

AMI releases updated version of Economic Calculator at IMBC

At the International Marina & Boat Yard Conference, the Association of Marina Industries released the second version of its Economic Impact Calculator — a tool that lets a marina input gross revenues to calculate its impact on the local, regional and national economy. Information produced by this model is valuable to marina managers and owners …
Boating Industry

Economic Snapshot: Small business optimism at its highest level since 2004

December marked the second consecutive month of record-breaking small business optimism, now at its highest level in over 12 years. NFIB Small Business Optimism Index The National Federation of Independent Business Index of Small Business Optimism reached 105.8 in December, increasing 7.4 percent and rocketing the index to its highest level since 2004. “We haven’t …
Boating Industry

Economic Snapshot: Consumer confidence rises to 15-year high

Consumer confidence is up again this month, now at its highest level in 15 years. Consumer confidence The Consumer Confidence Index posted another gain in December after a considerable increase in November. The index now stands at 113.7, up from 109.4 last month. The Expectations Index jumped from 94.4 to 105.5 but the Present Situation …
Boating Industry

Economic Snapshot: Another month of employment stagnation

The unemployment rate has barely moved since August 2015 and the number of job openings dropped after the last business day in August. Employment situation Total nonfarm payroll employment increased by 156,000 in September. The unemployment rate and the number of unemployed persons were little changed, at 5.0 percent and 7.9 million persons, respectively. Both measures have …
Boating Industry

Economic Snapshot: Builder confidence at 11-year high

The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) surged in September, rising to its highest level since before the housing market crash. And while housing starts were down this month, they are still up year over year. Housing Market Index Builder confidence jumped six points to 65 in September, up from a …
Boating Industry

Economic Snapshot: Consumer confidence at 11-month high

Consumer confidence, which had decreased slightly in July, increased in August by almost five points – from 96.7 to 101.1. This is the index’s highest reading since September 2015. The Present Situation Index jumped from 118.8 to 123.0 and the Expectations Index rose from 82.0 to 86.4. Consumers stating business conditions are “good” increased from …
Boating Industry