Weekly Commentary - Superstorm Sandy and its impact to U.S. economy
Superstorm Sandy lashed U.S. last week and U.S. financial market was shut down for two day. Retail sector and industrial production will be hit badly as people stayed at home and stopped almost all consumption and production. However, natural disaster will boost reconstruction spending later, which will help to recoup some of the losses later. The impact of Sandy to U.S. economy should be relatively limited. Investors should expect to see lower figures in retail sales and industrial production in October, and a rebound in these figures in November and December.
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