ELKHART, Ind. — Ball State economist Michael Hicks worries that the September slowdown in RV shipments could be a sign that the proverbial canary in the coal mine is showing signs of weakness, reported the South Bend Tribune.
The RV Industry Association reported that shipments of all RVs dropped 29 percent to 30,969 units in September from 43,598 units in the same month last year. Shipment totals also fell off in August and June, but remain 0.2 percent ahead of last year’s pace.
Any slowdown in the industry — which employs tens of thousands in the Elkhart County region — still has not resulted in any mass layoffs. The seasonally unadjusted unemployment rate in the county was 2.4 percent in September, still among the lowest in the state.
Read the full article in the South Bend Tribune.