October economic report shows boating market slowdown
Published On: October 10, 2024Categories: Industry News, News

The National Marine Manufacturers Association (NMMA) Recreational Boating Industry Monthly Data Summary for October 2024, which includes data through July, shows that most economic indicators remain under market pressure and are in the “caution” category, indicating the industry should keep a close watch on their potential impacts. However, inflation was down month-over-month and interest rates continued to decrease. The monthly summary includes performance indicators on wholesale and retail sales of new powerboats and outboard engines, economic metrics and interactive graphs illustrating historical trends. For more information, visit nmma.org.