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Every year since the end of the recession, the U.S. economy has faced new challenges: spending cuts, increases in taxes, partisan squabbles, the debt ceiling, etc.
This year’s culprate of the economy’s freeze is the winter. The extraordinarily cold weather this winter is hammering a number of industries stymying economic growth.
No industry has been hit harder than construction according to a study economists at Goldman Sachs published earlier this week. The study measured the impact of the weather on Goldman’s Current Activity Indicator, which is a proprietary index measuring economic activity.
qSample surveyed more than 500 respondents from its contractor panel to see what impact the weather was having on their livelihood as well as gauge their perceptions and attitudes about various industry related topics.