Hurricanes Slam Economy

Summary


Hurricanes Katrina and Rita have sent prices for raw materials soaring, increasing the likelihood of inflation and higher interest rates, according to a pair of studies released Monday.

Locally, the September Mountain States Business Conditions Index declined to 67.2 from August's 71.2 and July's 72.4. The study surveys supply managers and business leaders in Utah, Colorado and Wyoming.

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Hurricanes Slam Economy

While the region's business conditions index remained "vigorous," its confidence index, which tracks survey participants' economic expectations six months out, plummeted to 62.5 from August's 71.7, according to the study's autho...

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