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Hurricane Harvey slams US retail sales, industrial output

from Reuters

U.S. retail sales unexpectedly fell in August and industrial output recorded its biggest drop since 2009 as Hurricane Harvey disrupted activity, suggesting the storm could dent economic growth in the third quarter. Harvey, which lashed Texas in the last week of August, also has impacted the labor market. Hurricane Irma, which struck Florida soon after, also is likely to hurt the economy, though analysts expect a rebound in the fourth quarter. more


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