RVIA Economic Impact Study

The Recreation Vehicle Industry Association commissioned an Economic Impact Study on the RV industry, released on June 7, 2016. The study found that the RV industry contributes about $49.7 billion in economic output or 0.28 percent of the Gross Domestic Product. Through its production and distribution linkages, the industry impacts firms in 426 of the 440 sectors of the United States economy.

Nationwide, the industry is responsible for 216,170 jobs, both directly and inderectly, creating an economic impact of $37.5 billion. The full study results, along with each individual state and congressional district's economic impact is available on the website by clicking here .

Consumer Confidence Stays Steady in July

Wed Jul 27, 2016

Consumers were feeling a bit more optimistic than expected in July, as a key economic indicator held gains from June, according to a survey released on Tuesday.

The Consumer Confidence Index hit 97.3 in July, The Conference Board said. Economists expected consumer confidence to fall to 95.8 in July, according to a Thomson Reuters consensus estimate.

June's consumer confidence reading was revised down to to 97.4 from 98.

Additional Information: http://www.cnbc.com/2016/07/26/conference-board-reports-consumer-confidence-for-july-2016.html