Goldman Sachs note on the US port strike, in summary:
estimate that a 10-day full shutdown of East Coast and Gulf
Coast ports would result in a 0.2pp hit to quarterly annualized GDP
growth in Q4Most
transportation-industry strikes since 2000 have lasted less than 2
weeks. In order to weigh on October payrolls, the strike would need
to last the entire pay period including October 12th. If the strike
lasts through the reference period, it would directly weigh on
October payroll growth by 45k
Earlier:
US east coast port strikes haven’t had any direct impact on the West Coast, eg. Port of LA
This article was written by Eamonn Sheridan at www.forexlive.com.
