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2022 U.S. Recreational Boating Statistical Abstract Full Report Released

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FEATURED INDUSTRY NEWS

2022 U.S. Recreational Boating Statistical Abstract Full Report Released

The U.S. Recreational Boating Statistical Abstract is the most trusted source of comprehensive industry data for recreational boating intelligence. The data presented in the report spans 2008-2022, to better understand the industry growth and shifts in market behavior by analyzing the data and presenting information including these sections: Total Industry Sales by Category and State, Powerboat Sales Trends, Cruiser, Watersport, Fishing Boat and Trailer Sales Trends, Sailboat Sales Trends, Outboard Engine Sales Trends and more. Read More

Canadian Federal Government Streamlines Process To Waterway Access

In October, the Canadian federal government announced a streamlined process to enact restrictions on the use of recreational boats on its waterways. Under this new process, the Minister of Transport has the authority to issue interim restriction orders upon receiving a request from other levels of government, including municipalities. Read More

LEADING ECONOMIC AND POLICY NEWS

In Boost To Federal Reserveā€™s Fight Against Inflation, Unit Labor Costs Revised Downward For Q3

Reuters reports US unit labor costs ā€œwere much weaker than initially thought in the third quarter amid robust worker productivity, providing a boost to the Federal Reserveā€™s fight against inflation. ... Unit labor costs ā€“ the price of labor per single unit of output ā€“ fell at a 1.2% annualized rate in the third quarter, the Labor Departmentā€™s Bureau of Labor Statistics (BLS) said, revised down from the previously reported 0.8% pace of decline. That was the first drop since the fourth quarter of 2022.ā€

Stocks Fall On Wednesday

CNBC reports that stocks ā€œretreated on Wednesday as investors assessed data indicating falling inflation and the jobs report loomed.ā€ The Dow Jones industrial Average ā€œlost 70.13 points, or 0.19%, to close at 36,054.43. The S&P 500 shed 0.39% to 4,549.34, while the Nasdaq Composite dropped 0.58% to 14,146.71.ā€ According to CNBC, ā€œThe market initially got a morning boost after economic data. A drop in labor costs boded positively for the path of inflation, while a jump in productivity signaled the potential for the economy to skirt a recession.ā€

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