Short-term marine dealer sentiment dropped again in December to 55, and the three- to five-year outlook entered negative territory at 42.
Soundings Trade Only reported that those are the lowest readings of dealer sentiment since Baird began conducting its dealer poll in conjunction with the Marine Retailers Association of the Americas in 2013.
Marine retailers were less optimistic about current conditions than in November, with the index dropping from 64 to 55 in December. The reading was 76 in December 2018.
The three- to five-year outlook plummeted to 42 in December from 57 in November and 74 in December of last year.
Comments from dealers were politically charged, with several blaming the Trump administration for the drop in optimism and others blaming the recently-elected Democratic House.
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