Recession fears: RV shipments down double digits in Elkhart, Indiana

Recession fears: RV shipments down double digits in Elkhart, Indiana

Total wholesale shipments of recreation vehicles are down 20.3 percent, year to date, across the industry, signaling to some Indiana economists that a recession is on the way. Companies such as Elkhart-based Thor Industries Inc. have slashed production and cut back the work week to slow the pace of production.

Economists reading the tea leaves for signs of a recession have typically held declining RV shipments as a strong warning of a contracting U.S. economy.

via indystar Recession fears: RV shipments down double digits in Elkhart, Indiana