ANALYSIS-Japan earthquake impact on US autos may dent US GDP

Newswire

By Lucia Mutikani WASHINGTON, May 18 (Reuters) - Declining motor vehicle production as assembly plants grapple with a shortage of parts due to Japan's earthquake may hurt U.S. second-quarter growth, but much of the pain could be blunted by booming exports. Supply chain disruptions caused by the March earthquake sent motor vehicle output tumbling 8.9 percent in April, Federal Reserve data showed on Tuesday. That resulted in a contraction in manufacturing for the first time in 10 months. ...

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