As consumer confidence rebounds in May, mixed economic picture for recreational boating continues
by National Marine Manufacturers Association 28 May 16:32 PDT
Consumer Confidence Index® © National Marine Manufacturers Association
Yesterday, the Conference Board reported their Consumer Confidence Index® for May 2025, showing a rise by 12.3 points to 98.0, marking the largest monthly gain in four years and ending a five-month decline. This uptick is attributed to improved consumer expectations following eased trade tensions, notably a lessening of U.S.-China trade tensions.(The Conference Board)
Notably, the May data show a rise in the Expectations Index, suggesting consumers are more optimistic about future income and business conditions. What's more, the report shows that compared to April, purchasing plans for homes, cars, and vacation intentions increased, with some significant gains after May 12. Plans to buy big-ticket items—including appliances and electronics—were also up.
Continue reading the full article here...