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Marine CEOs – Q3 Sentiments optimistic following season of strong new boat sales

by National Marine Manufacturers Association 15 Nov 09:11 PST
Discover Boating © National Marine Manufacturers Association

NMMA's Q3 2020 Marine CEO Sentiment Report, a quarterly survey to assess the state and needs of U.S. recreational boat, engine and marine accessory manufacturing businesses, is now available. The Q3 survey was fielded in October, and data shows marine CEO sentiment was overwhelmingly upbeat with 96% of CEOs reporting stable or expanding business conditions following the increase in new boat sales during the summer and early fall.

Key findings from the Q3 2020 Marine CEO Sentiment Report include:

  • Overall, marine manufacturing is near its normal operating capacity, yet supply chain disruptions, like slowed deliveries, remained a challenge for 70% of marine manufacturers in Q3, especially among boat builders.
  • New boat sales are strong. 72% of marine manufacturers reported Q3 sales were up either substantially or modestly compared to Q3 2019. Furthermore, 76% of manufacturers reported new orders are up compared to the same time period a year ago.
To read more please go to the original article.

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