Wind in their sails.(increase in recreational boat sales)(Brief Article)
Economist (US), The, May, 2000
ANNAPOLIS, MARYLAND
IS THE high-tech party over, as Nasdaq bucks and slides? Not if messing about in boats is anything to go by. Buying something that needs a rudder has always been an indicator of economic confidence (few people need a boat to take the children to school). Over the past two years, yachting and power-boating have taken off in a big way, especially among the techies of the north-west.
James Denn, executive editor of Boating Industry International magazine, reports that total sales in the American recreational boating market were up more than 19% in 1999. Some of the plushest yachts actually come from Germany. But Sailing/Cruising World magazine still reckons that sailing-boat production in North America increased by 16% from 1998 to...
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