By Kyle Cheng
Download the November “SEMA Industry Indicators” report from SEMA Market Research.
Over the past month, the U.S. stock market has witnessed significant volatility and equity correction, wiping out the gains made so far in 2018. Despite this, the economy continues to run on all cylinders. Consumer sentiment remains positive and high, with spending growing at one of its highest rates since 2000—although vehicle sales were essentially flat in October. Additionally, October added another 250,000 jobs.
However, hurdles are looming. As we move into 2019 and 2020, waning fiscal stimulus and restrictive monetary policy may hinder growth. Likewise, housing continues to weaken, and affordability is a major concern in some markets. A strengthening dollar and weak economic growth outside the United States will also affect the economy.
To learn more, download the November “SEMA Industry Indicators” report from SEMA Market Research.
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