SEMA eNews Vol. 21, No. 28, July 12, 2018

SEMA Industry Indicators: U.S. Economy Continues to Show Resilience Despite Uncertainty

By Kyle Cheng

  Market Research
The monthly SEMA Industry Indicators Report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business.
   

The first half of 2018 is in the books and the economy continues to show resilience and strength, despite several concerns, including geopolitical uncertainties, accelerating oil and gasoline prices, trade wars and inflationary pressures, just to name a few.

On many fronts, the economy looks stronger than it has over the past few years. Demand is up across diverse industries and companies are investing to meet that demand, including hiring. In June, 601,000 workers entered or returned to the labor market. Over the next six months, pent-up demand, tax cuts and a relaxed regulatory environment will continue to provide momentum and boost economic activity.

To learn more, download the July SEMA Industry Indicators Report, now available from SEMA Market Research. This monthly report provides a high-level snapshot of the overall U.S. economy with an emphasis on economic data that directly or indirectly affects the automotive aftermarket industry and your business. This month, the report also highlights SEMA’s Employment Outlook Report.

View the new SEMA Industry Indicators Report.

 

 

 

 

 

 

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