Already Weakened versus Nonsense, Headline Second-Quarter Strength,
Relative Third-Quarter GDP Growth Likely Was Softened Further by Disaster Damages, with
Less-Than-Offsetting Gains from Early-Recovery Activity

Natural-Disaster Effects Hit Third-Quarter Production, Boosted Orders and
Softened Housing Starts with Mixed Impact on Home Sales

Pre-Hurricane Headline Production Data Weakened Meaningfully in Revisions;
Pre-Existing, Broadly-Negative, Underlying Economic Trends Have Not Changed;
General Outlook Remains One of Non-Recovered Business Activity in Renewed Downturn

In the Dominant but Still-Faltering Manufacturing Sector of Production:
A Record 117 Months of Continued Non-Expansion, with No End in Sight
September Industrial Production and Manufacturing, Respectively,
Were Down by 0.7% (-0.7%) and by 6.3%(-6.3%) from Their Pre-Recession Peaks

Real Durable Goods Orders Still Down 10.3% (-10.3%) from Recovering Pre-Recession Peak

September Housing Starts Took a Small Hit from the Tempests,
But No More than Seen Within in Regular Monthly Volatility for the Series

Increasingly-Negative Trends in Smoothed Home Sales and Construction Activity
Show Low-Level, Non-Recovered, Faltering Stagnation

Still Shy of Recovering Their Pre-Recession Peaks:
Housing Starts Down by 50.4% (-50.4%), Building Permits Down by 46.3% (-46.3%),
New Home Sales Down by 52.0% (-52.0%), Existing-Home Sales Down by 25.9% (-25.9%)