07152018Sun
Last updateFri, 13 Jul 2018 4pm

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Manufacturing & The Economy

Harvey Caused Steep Drop in U.S. Industrial Output

Industrial production declined 0.9% in August following six consecutive monthly gains. Hurricane Harvey is estimated to have reduced the rate of change in total output by roughly 0.75%. The index for manufacturing decreased 0.3%; storm-related effects appear to have reduced the rate of change in factory output in August about 0.75%. The manufacturing industries with the largest estimated storm-related effects were petroleum refining, organic chemicals, and plastics materials and resins.

Manufacturing output decreased 0.3% in August. A gain of 0.3% for durables was outweighed by decreases of 0.9% for both nondurables and other manufacturing (publishing and logging). 

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