Oct 2nd, 2018

US Consumer ConfidenceContinuing our conversation on the American Boating Market, being as it is so close-knit with our own market in Canada, we were interested to learn that as reported by the New York-based Conference Board, US consumer confidence is up and has hit its highest point of the last 18 years. This is unexpected and interesting to look into. With Trump changing policies, nothing is certain, and we want to keep Canadians in the loop with the latest news pertaining to the Boating Market.

As of September, Consumer Confidence has improved for a third month, reaching one of the highest points in about fifty years.

The CNBC reports: “The Conference Board's index rose to 138.4 this month from 134.7 in August. Economists polled by Reuters expected consumer confidence to dip to 132. "Consumers' assessment of current conditions remains extremely favorable, bolstered by a strong economy and robust job growth," said Lynn Franco, director of economic indicators at the Conference Board. "These historically high confidence levels should continue to support healthy consumer spending, and should be welcome news for retailers as they begin gearing up for the holiday season.” Franco added, “September's index print is near the all-time high of 144.7 reached in 2000.”

It is credited to a strong job market and tax cuts. Despite the escalating trade war with China, these two factors are seemingly keeping consumers optimistic. However, it is yet to be seen how Trumps new tariffs on $200 billion dollars worth of goods from Asia could affect this recent high.

We will be following up with this topic in upcoming issues of Boating Industry Canada.

To take a closer look at our sources please review the CNBC report.

Featured Articles

  • Prev
Announced on June 18, the exciting new Mercury Racing 450R outboard is purpose designed to bring ...
PORTS The Cruising Guides have been acquired from Metroland Printing Publishing & Distributing ...
Orillia’s Spring Boat, Cottage & Outdoor Show at the Port of Orillia and waterfront parks, Lake ...
Seattle’s 41st annual Lake Union Boats Afloat Show gets underway on Thursday, September 12 and ...
The Boating Ontario team would like to thank all those who participated and contributed to this ...
Boating BC is now accepting applications for the Glenn Spartz Scholarship, which offers financial ...
Registration Open: Level 1 Marine Service Technician Training in Sidney and Vancouver ...
Canadian Boat Shows has announced AD ASTRA Media Inc.  as the official publisher for the 2020 ...
ABYC is hosting free events which are perfect mini prep courses for the 2020 Marine ...
Previous IMI webinars included a review of the challenges faced by marinas and boaters as ...

BUSINESS VALUATIONS: THREE SITUATIONS WHEN YOU MIGHT NOT NEED ONE

 

Business ValuationsBy: Patrick Ungashick

Photo Credit: Dwain Bodkin


Business valuations are an important tool for owners and leaders of privately-held companies. For example, if you are doing sophisticated tax planning, buying-out a business partner, or if an owner is going through a marital divorce, then a valuation may be highly prudent—if not legally required. However, business owners and leaders should avoid rushing to get a valuation in circumstances where the need is not clear.

Read more about Business Valuations......

 

Marine Products

  • Prev
Rancho Santa Margarita, CA - Forespar has just introduced a new smaller size version of their ...
Energy Solutions now have available for the North American marine market, a range of Marine ...
Boat decks often seem to bristle with hardware, spoiling the vessel's smooth lines and creating ...
Evinrude announced today the expansion of the revolutionary Evinrude E-TEC G2 product line to ...
Ossian Fasteners has announced that they are the first company in ...
Danish marine safety equipment manufacturer, Daniamant, announces the launch of the ODEO Strobe, a ...
ASA Electronics is bringing modern technology and style to the boating industry with the Marine ...
The W2K-1 transfers data from an NMEA 2000 backbone to any device (e.g. laptop, tablet ...
Boats can never have enough dry storage space, especially places that are safe from the prying eyes ...
B&G, the global leader in design and manufacturing of sailing electronics, announced today ...

People

  • Prev
George Armendariz, CEO of Groupe Beneteau Americas, announced today the appointment of Yannick ...
According to the Minneapolis Star Tribune on April 10 2019, Irwin Jacobs and his wife were found ...
Co2 Inflatables is pleased to announce that Jason Edwards, formerly of Grand/Gala Marine, will be ...
Marine electronics pioneer Darrell Lowrance, 80, passed away Saturday morning after suffering a ...
Extremely popular and well respected for leading the reemergence of Iconic Marine's three ...