B2B Stories
Helene takes a toll on small business spending
Hurricane Helene took a significant economic toll on small businesses in Georgia, according to new data from Fiserv. At the height of the storm’s impact, consumer spending came to a virtual standstill, with statewide small business sales plummeting 19% from 9/26-9/29 (compared to the same period in 2023). Since 9/30, though, sales have recovered somewhat – up 5.5% year-over-year, driven by a surge in spending on lumber, hardware, and accommodations. Fiserv measures spending at some 2 million small businesses nationwide every month – but can also track sales over specific
Staff Report
October 17, 2024
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