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WASHINGTON http://www.cheappegasusturbo.com/ , Sept. 15 (Xinhua) -- U.S. industrial production inAugust fell for the first time in seven months due to HurricaneHarvey, the Federal Reserve said on Friday.


Industrial production, an indicator of manufacturing, mines andutilities output, declined 0.9 percent in August from the previousmonth cheap nike air zoom pegasus 35 , the first decline since January and the biggest declinesince May 2009, the Fed said.


"Hurricane Harvey, which hit the Gulf Coast of Texas in lateAugust, is estimated to have reduced the rate of change in totaloutput by roughly 0.75 percentage point," the central bank said cheap nike air zoom pegasus turbo ,adding petroleum refining, organic chemicals, and plasticsmaterials and resins are the manufacturing industries with thelargest estimated storm-related effects.


The manufacturing output, the largest component of the overallindustrial production, dropped 0.3 percent in August. Meanwhile cheap nike pegasus 35 ,mining output declined 0.8 percent and utilities output fell 5.5percent last month.


A separate report from the U.S. Census Bureau on Friday showedthat retail sales also dropped 0.2 percent in August, the biggestdecline in six months.


The weaker industrial output and retail sales data in Augustmight suggest a slowdown of U.S. economic growth in the thirdquarter of the year.


The U.S. economy is expected to grow at an annual rate of 1.3percent in the current quarter, lower than three percent in theprevious quarter, according to the staff forecast from the FederalReserve Bank of New York released on Friday. Enditem

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