Tell-tale Stat: 'Super Yacht' Sales Expected to Rise

Filed under: Forecasts

In this economy, and market, you take the good news where you can get it. And Thursday, the markets received some, of sorts.



Consumer spending in the United States may be constrained due to stagnant median incomes, but the 'super yacht' business in New Zealand is roaring.



Sales of super yachts are likely to surge more than 50% to $2 billion by 2015, as demand for luxury yachts rebounds, Bloomberg News reported Thursday, citing the New Zealand Marine Industry Association.

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Tell-tale Stat: 'Super Yacht' Sales Expected to Rise originally appeared on BloggingStocks on Thu, 04 Nov 2010 16:30:00 EST. Please see our terms for use of feeds.

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