Economic cost of weather may total $485 billion in U.S.
Submitted by Robert-Huxford on Thu, 23/06/2011 - 5:42pm
Routine variations in weather take a toll in specific sectors of the economy:
- mining economy of 14 percent each year, perhaps because of changing demand for oil, gas, and coal.
- agriculture ranked second at 12 percent, conceivably because of the many crops that are affected by temperature and precipitation.
- manufacturing (8 percent);
- finance, insurance, and retail (8 percent); and
- utilities (7 percent).
In contrast, wholesale trade (2 percent); retail trade (2 percent); and services (3 percent) were found to be least sensitive
https://www2.ucar.edu/news/4810/economic-cost-weather-may-total-485-billion-us
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