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Meet Robyn Boerstling, NMMA's SVP Of Government Relations, In Latest Marine Minute Video

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FEATURED INDUSTRY NEWS

Meet Robyn Boerstling, NMMA’s SVP Of Government Relations, In Latest Marine Minute Video

NMMA recently released a new Marine Minute video with an introduction to Robyn Boerstling, NMMA’s senior vice president of government relations. Boerstling, who joined NMMA in December 2023, oversees NMMA’s advocacy efforts at the federal, state, and international levels of government on behalf of the $230 billion U.S. recreational boating industry. Read More

LEADING ECONOMIC AND POLICY NEWS

ISM: Domestic Manufacturing PMI Hit A Seven Month Low, But Data Shows Potential Rebound

Reuters reports factory employment fell to a seven-month low due to layoffs with a report from the Institute for Supply Management showing “its manufacturing PMI fell to 47.8 last month from 49.1 in January.” However, manufacturing also reported gains in February with “eight manufacturing industries reporting growth...including apparel, leather and allied products, primary metals, chemical products and transportation equipment,” providing evidence of a potential rebound.

University Of Michigan Data Show US Consumer Sentiment Fell In February

Axios reported a University of Michigan survey showed that “U.S. consumer sentiment cooled slightly in February, ... down 2.7% from January, but up 14.9% from February 2023.” University of Michigan Director of the Surveys of Consumers Joanne Hsu said, “Consumers perceived few changes in the state of the economy since the start of the new year, and they appear to be assured that inflation will continue on a favorable trajectory.” Axios adds that “a different gauge of consumer sentiment released earlier this week by the Conference Board showed a pullback in February, interrupting three months of rising sentiment.”

Nasdaq Hits New All-Time High After Gaining Another 1.74% This Week

CNBC reports the Nasdaq Composite “rose to an all-time high Friday, surpassing its 2021 record,” as it “advanced 1.14% to 16,274.94, notching a new high of 16,302.24 during the session. A day earlier, the index closed at its first record since November 2021.” The S&P 500 “added 0.80% to 5,137.08 for its first close above the 5,100 threshold,” and the Dow Jones Industrial Average “gained 90.99 points, or 0.23%, to 39,087.38.” CNBC adds, “On a weekly basis, the Nasdaq added 1.74%, while the S&P 500, which also popped to a record close on Thursday, advanced 0.95%,” and “both indexes notched their seventh positive week over the last eight.” The Wall Street Journal attributes the stock market gains in part to Nvidia achieving a $2 trillion valuation.

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