Natural Disasters and the Measurement of Industrial Production: Hurricane Harvey, A Case Study
Abstract: The Federal Reserve's G.17 release on industrial production (IP) and capacity utilization published on September 15, 2017, included one of the first estimates of the impact on a specific measure of economic activity by Hurricane Harvey, which made landfall in Texas on August 25. As reported in the release, total industrial production fell 0.9 percent in August, most of which (about 3/4 percentage point) could be accounted for by storm-related outages.
Part of Series: FEDS Notes
Publication Date: 2017-10-11