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RV
shipments in the United States are expected to total 419,500 in
2016, a 12.1 percent jump from a year earlier, and 438,100 in
2017, the Recreation Vehicle Industry Association said.
The U.S economy has regained momentum after stumbling in late
2015 and early 2016 with strength in the labor market bolstering
domestic demand.
The economy is on track to grow at a 3.6 percent annualized pace
in the fourth quarter after data showed domestic housing starts
hit a nine-year high in October.
The RV industry saw shipments plunge in 2008 and 2009, as rising
borrowing costs weighed on consumer confidence and crimped
demand for a broad range of discretionary purchases.
President Barack Obama had then campaigned in the city of
Elkhart, Indiana, a center for recreational vehicle
manufacturing, promising he would do his best to revive the
economy.
(Reporting by Arunima Banerjee in Bengaluru; Editing by Sriraj
Kalluvila)
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