Hur­ri­cane Har­vey fall­out clouds U.S. econ­omy

Ottawa Citizen - - FINANCIAL POST -

Hur­ri­cane Har­vey is tak­ing a swipe at the U.S. econ­omy this quar­ter, though not all of the slow­down can be blamed on the storm. Three re­ports on Friday put the im­pact of the Texas flood­ing into fo­cus: Re­tail sales fell last month, ac­cord­ing to the Com­merce Depart­ment; Har­vey pushed down fac­tory pro­duc­tion in Au­gust, the Fed­eral Re­serve said; and con­cern about the eco­nomic and in­fla­tion­ary ef­fects of hur­ri­canes Har­vey and Irma led sen­ti­ment to dip in Septem­ber, a Univer­sity of Michi­gan sur­vey showed.

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