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Hurricane Harvey slams U.S. retail sales, industrial production

Reuters  |  WASHINGTON 

By Lucia MutikaniWASHINGTON (Reuters) - U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, suggesting the storm could dent economic growth in the third quarter.The storm, which lashed Texas in the last week of August, also has impacted the labor market. Economists, however, expect a rebound in the fourth quarter."Hurricane Harvey's fingerprints were all over the August retail sales and industrial production reports this morning," said Scott Anderson, chief economist at Bank of the West in San ...

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First Published: Fri, September 15 2017. 23:22 IST
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