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Industrial output, retail sales take a hit from Harvey's fury
Overall industrial production down 0.9% in August; retail sales dip 0.2%
Add BT as a preferred sourcePublished Fri, Sep 15, 2017 · 09:50 PM
Washington
US industrial output fell in August for the first time since January as Hurricane Harvey battered oil, gas and chemical plants along the Gulf Coast and a cool summer sapped utility demand in the east, the Federal Reserve said on Friday. The storm also took its toll on retail sales which posted its biggest drop in six months
Overall industrial production fell 0.9 per cent over the month after a July increase revised upwards to 0.4 per cent.
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