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Record Winter Weather Caused Major Economic Impacts In The U.S.

Date:
June 24, 2002
Source:
University Of Illinois At Urbana-Champaign
Summary:
Unusual weather across most of the United States last winter created huge and generally positive impacts to the nation's struggling economy. Nationally, an estimated $21 billion in benefits included lower heating costs, a reduction in snow-removal costs, increased construction income, reduced transportation costs, fewer insurance losses and increased retail sales. Most of the $0.5 billion in losses were realized by the tourism industry and by decreases in sales of snow-related equipment and winter clothing.

CHAMPAIGN, Ill. — Unusual weather across most of the United States last winter created huge and generally positive impacts to the nation's struggling economy.


Story Source:

The above story is based on materials provided by University Of Illinois At Urbana-Champaign. Note: Materials may be edited for content and length.


Cite This Page:

University Of Illinois At Urbana-Champaign. "Record Winter Weather Caused Major Economic Impacts In The U.S.." ScienceDaily. ScienceDaily, 24 June 2002. <www.sciencedaily.com/releases/2002/06/020624072642.htm>.
University Of Illinois At Urbana-Champaign. (2002, June 24). Record Winter Weather Caused Major Economic Impacts In The U.S.. ScienceDaily. Retrieved April 19, 2014 from www.sciencedaily.com/releases/2002/06/020624072642.htm
University Of Illinois At Urbana-Champaign. "Record Winter Weather Caused Major Economic Impacts In The U.S.." ScienceDaily. www.sciencedaily.com/releases/2002/06/020624072642.htm (accessed April 19, 2014).

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