New York Industries Endure Sandy’s Wrath
As Superstorm Sandy swept through the East Coast, business across most industries came to a halt, with New York transportation and financial markets taking substantial hits.By IBISWorld Analyst Antonio Danova
In the final week of October, Superstorm Sandy charged through the entire Mid- Atlantic region, ravishing the area and leaving major US cities devastated. According to the New York Times, the total cost of destruction caused by the storm is estimated to eclipse $50.0 billion in economic losses, accounting for physical damage and lost business activity. A majority of these losses
