Economics remain an industry concern - MarineBusinessWorld North America newsletter
by Peter Rendle 2 Sep 08:00 PDT
Consumer Confidence Index © NMMA
Consumer confidence declined in August, according to The Conference Board, as Americans grew more cautious about the economic outlook, even as their assessment of current conditions improved.
The Consumer Confidence Index fell to 89.4, its lowest level in seven months, while the forward-looking Expectations Index declined 5.8 points to 68.2, moving further below the 80 threshold that has historically been associated with elevated recession risk.
Canada has announced a new round of retaliatory tariffs that are scheduled to take effect on September 8. Of particular relevance to the sportfishing industry, Canada will impose a 50% tariff on U.S.-origin fishing rods.
IBEX is expanding networking opportunities for 2026, giving attendees more ways to build relationships, exchange ideas and connect with the people shaping the future of the recreational marine industry when the annual show returns to the Tampa Convention Center, October 6-8. Many of this year's experiences are organized around shared interests, career stages and technical disciplines, helping attendees find their community while taking advantage of the education, innovation and business opportunities.
The next edition of the Yacht Racing Forum will take place in Amsterdam on November 19-20. The annual B2B conference dedicated to the sport of sailing will once again bring together decision-makers from across the international yacht racing industry: event organisers, teams, classes, sponsors, venues, suppliers, designers, media and governing bodies.
YANMAR Group has been confirmed as an Official Sponsor and Official Marine Sports Sponsor of the Louis Vuitton 38th America's Cup, extending a partnership with the event that spans more than a decade. The next edition will take place in Naples, Italy, in 2027. Across its Land, Sea and City domains, YANMAR works to help address social and environmental challenges through technology, supporting the realization of a sustainable and prosperous society. In the Sea domain, this commitment is reflected in the company's continued focus on creating new value for the marine industry through innovation.
Marine Industries Association of South Florida (MIASF) represented members at the inaugural Manufacturing Workforce Expo at Atlantic Technical College, hosted by the U.S. Small Business Administration and co-hosted by the U.S. Department of Labor and OpenAI. MIASF connected with students and aspiring apprentices, sharing the career pathways, training opportunities and workforce programs available.
Vessev, a deep tech marine company changing the way the world moves on water, has announced $19 million in Series A and follow-on financing, its first U.S. commercial customer, FlyTahoe, an emerging sustainable water transit network operator in Lake Tahoe, CA, and a series of high-profile U.S. activations across, New York City, Washington, D.C., and Lake Tahoe that mark the company's entry into the U.S. market. Together, these milestones establish Vessev's commercial, governmental, and industry presence as it enters the United States, showcasing its electric hydrofoiling technology to customers, policymakers, investors, media and maritime leaders.
More industry news at www.marinebusinessworld.com - North American-based news from the largest boating news network
Peter Rendle - peter.rendle@worldmarine.media