Goldman Sachs flag hits to GDP, NFP from US east coast port strike

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 Q4
• Most
  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.