Business Intelligence Watch TMC

Katrina Continues to Deliver Bad News

September 30, 2005

There is no end to the negative economic news produced in the aftermath of Hurricane Katrina.

Consider that the disaster produced $100 billion in uninsured losses last month as consumer spending dropped by the greatest amount since 9/11, according to the Commerce Department.

Consumer spending, after adjusting for inflation, dropped 1 percent last month.

By Glenn J. Kalinoski, Executive Editor, Customer Inter@ction Solutions




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