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Flood-related spending drives Sept. sales up double digits

10 months 3 weeks 4 days ago Tuesday, November 22 2016 Nov 22, 2016 November 22, 2016 8:53 AM November 22, 2016 in News
Source: Associated Press
By: AP News

BATON ROUGE - Consumer and business spending in East Baton Rouge Parish increased by 12.9 percent in September as people affected by the devastating August floods bought building materials and replaced water-damaged cars.

Nearly $813.7 million was spent in the parish during September. That's according to figures released Monday by the city-parish Finance Department. That compares with nearly $720.7 million in September 2015.

The Advocate reports September's sales boost was no surprise. LSU Economist Jim Richardson has said he expects the flooding will lead to a temporary increase in local retail sales as homeowners buy appliances and furniture to replace items that were lost to the flood and purchase building materials such as lumber, drywall and carpeting.

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