Boat Sales Up 10 Percent This Year

Economic indicator?

More evidence that the U.S. economy is climbing out of the recession: Sales of new recreational powerboats are estimated to be up by 10 percent in 2012, according to the National Marine Manufacturers Association.

"We are pleased to see the industry growing," NMMA president Thom Dammrich said. "Our projection is the industry will grow in 2013 by another 5 to 10 percent."