What Hath Sandy Wrought?
With data out Thursday and Friday morning, we now have some idea of how Hurricane Sandy has affected industrial production and manufacturing.
The Federal Reserve, which compiles the Industrial Production report, says that the storm reduced manufacturing output in November by 0.9%. The manufacturing component would have been unchanged from October had it not been for the storm. Total industrial production, which includes not just manufacturing but mining (including energy drilling) and utilities, declined 0.4% in October after increasing 0.2% in September....544 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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