Harvey seen disrupting U.S. factory sector near term – ISM’s Fiore

2017 09 01T145257Z 1 LYNXNPED803DX RTROPTP 0 STORM HARVEY 1 - Harvey seen disrupting U.S. factory sector near term – ISM’s Fiore
Clouds from Hurricane Harvey are seen in the background as smoke rises from a burn off at an oil refinery in Corpus Christi, Texas, U.S. August 26, 2017. REUTERS/Adrees Latif

September 1, 2017

NEW YORK (Reuters) – The damage from Hurricane Harvey to production plants and the shipping system in the Gulf of Mexico region will likely pinch the manufacturing sector nationwide in the near term, Timothy Fiore, chair of the manufacturing group at the Institute for Supply Management, said on Friday.

Disruption to the energy and other major industries in the area impacted by the most powerful storm to hit Texas in over 50 years is expected to fade six months from now, said Fiore, citing results of a survey of ISM members.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

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