According to the last released Consumer Price Index (CPI) numbers for August, the figure stood at 8.3% - high enough for the Fed to raise its core interest rate by another 0.75% and take its year-to-date increase to 3%. A high inflation rate continues to hurt the industry.ĭespite some moderation from a 40-year high level, inflation in the United States is proving to be much more stubborn than expected. Market pundits fear that the Federal Reserve’s hawkish stance to tame inflation might push the economy into a recession. Worries about a global slowdown and a possible recession loom large over the stock market. Economy:A slowdown in the economy is likely to hurt the industry.
3 Trends Shaping the Future of the Leisure and Recreation Products IndustryĬoncerns of Slowing U.S. In fact, demand, which is highly dependent on business cycles, is driven by a healthy labor market, rising wages and growing disposable income. The industry players primarily thrive on overall economic growth, which fuels consumer demand for products. Some companies also provide connected fitness products and subscriptions for multiple household users. Some of the industry participants manufacture outdoor equipment and apparel for climbing, mountaineering, backpacking and skiing. The Zacks Leisure and Recreation Products industry comprises companies that provide amusement and recreational products, swimming pools, marine products, golf courses, boat repair and maintenance services and other ancillary services, including indoor and outdoor storage, and marine, as well as rental of boats and personal watercraft. are likely to benefit from the aforementioned trend. Stocks like Academy Sports and Outdoors, Inc., Acushnet Holdings Corp. The industry participants, which design, market, retail, and distribute products for the outdoor and recreation market, are witnessing robust demand.
However, the rise in fitness products sales due to increasing awareness about health and fitness among people bodes well. The decline in new boat sales is a concern. High inflation continues to hurt most industries and leisure and recreational products is no exception. The Zacks Leisure and Recreation Products industry is being hurt by concerns about the slowing U.S. Chicago, IL – Octo– Today, Zacks Equity Research discusses Academy Sports and Outdoors, Inc.
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