US industrial output plunges in August on Hurricane Harvey hit
Hurricane Harvey
Washington - Muslimchronicle
Output at US factories plunged in August due to the big hit from Hurricane Harvey that shut down huge parts of the nation's oil refining, the Federal Reserve reported Friday.
The massive storm that hit the Gulf Coast of Texas late that month is estimated to have cut US industrial production by three-quarters of a percentage point, the report said.
Total industrial output fell by 0.9 percent compared to July.
source: AFP
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