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SEMA Industry Indicators: U.S. Economy Continues to Recover, But Growth is Slowing

By Kyle Cheng

Industry IndicatorsThe end of 2020 is finally here. While the economy continues to recover, growth is slowing as COVID-19 cases rise across the country. There is still significant uncertainty moving into 2021 that makes it difficult to predict the long-term economic outlook, but there is optimism as vaccines are beginning to roll out.

A key bright spot in the economic recovery has been the auto sector, which has outpaced many other industries. Overall, the auto industry has brought nearly 80% of the jobs it has lost over the last year.

Want more information on the trends affecting the specialty-equipment industry? Check out the “SEMA Industry Indicators” report each month to learn how movements in the broader economy may impact your business strategy. In this report, published monthly, you’ll find:

  • Overall Economic Outlook
  • New Vehicle Sales and Statistics on Auto Parts Production
  • Consumer Sentiment and Spending
  • Economic Growth and Unemployment
  • Other Important Industry Insights

Download the December “SEMA Industry Indicators” report for free today at www.sema.org/research.