SEMA eNews Vol. 22, No. 51, December 19, 2019

SEMA Industry Indicators: Consumers Remain Optimistic About Economy Despite Slower Growth

By Kyle Cheng

  Market Research
Check out the “SEMA Industry Indicators” report each month to learn how movements in the broader economy may impact your business strategy.
   

As the year comes to an end, a broad recession does not appear imminent. Despite slowing in the economy, American consumers remain optimistic and underlying fundamentals, such as the labor market, are strong. However, this year has been challenging for manufacturing. While ongoing issues are beginning to resolve, global growth remains slow and trade tensions remain high. These hurdles will continue to be obstacles in 2020.

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 get a snapshot of the overall economy and our industry, including:

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

To learn more, download the December “SEMA Industry Indicators” report, now available for free at www.sema.org/research.

 

 

 

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