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WASHINGTON nike air max 95 heren goedkoop , Sept. 15 (Xinhua) -- U.S. industrial production inAugust fell for the first time in seven months due to HurricaneHarvey, the Federal Reserve said on Friday.
Industrial production, an indicator of manufacturing, mines andutilities output nike air max 95 zwart goedkoop , declined 0.9 percent in August from the previousmonth, the first decline since January and the biggest declinesince May 2009, the Fed said.
"Hurricane Harvey, which hit the Gulf Coast of Texas in lateAugust nike air max 95 goedkoop , is estimated to have reduced the rate of change in totaloutput by roughly 0.75 percentage point," the central bank said,adding petroleum refining, organic chemicals nike air max 2017 heren goedkoop , and plasticsmaterials and resins are the manufacturing industries with thelargest estimated storm-related effects.
The manufacturing output, the largest component of the overallindustrial production, dropped 0.3 percent in August. Meanwhile,mining output declined 0.8 percent and utilities output fell 5.5percent last month.
A separate report from the U.S. Census Bureau on Friday showedthat retail sales also dropped 0.2 percent in August nike air max 2017 dames goedkoop , the biggestdecline in six months.
The weaker industrial output and retail sales data in Augustmight suggest a slowdown of U.S. economic growth in the thirdquarter of the year.
The U.S. economy is expected to grow at an annual rate of 1.3percent in the current quarter, lower than three percent in theprevious quarter, according to the staff forecast from the FederalReserve Bank of New York released on Friday. Enditem
Business > JobUplift the mood of your home with coloured glass splashbacks London
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