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 .

Cummins Second Quarter Decreases 10 Percent

Tue Aug 2, 2016

COLUMBUS, Indiana - Cummins Inc. has reported results for the second quarter of 2016 of $4.5 billion, which decreased 10 percent from the same quarter in 2015.

Lower truck production in North America and weak global demand for off-highway and power generation equipment were the most significant drivers of the decline in sales, according to the company. Currency negatively impacted revenues by approximately 1 percent compared to last year, primarily due to a stronger US dollar.

Revenues in North America decreased 13 percent while international sales declined by four percent. Within international markets, revenues in the Middle East, Mexico and Brazil declined the most.

Additional Information: http://www.businesswire.com/news/home/20160802005271/en/Cummins-Announces-Quarter-2016-Results