MarketWatch (09/14/12) Steve Goldstein
Industrial production fell 1.2% in August, the largest one-month percentage drop since March 2009, the U.S. Federal Reserve reported today. Hurricane Isaac’s impact on Gulf Coast region output was responsible for 0.3 percentage points of the drop, the Fed said. Economists polled by MarketWatch had expected a 0.3% drop for August. July’s growth was revised down to 0.5% growth from a previously estimated 0.6% rise.