By Sharon Nunn and Sarah Chaney 

WASHINGTON -- Economic activity grew at a measured pace across the country in September and October, despite sector-wide disruptions caused by recent hurricanes in the Southern and Eastern U.S., according to a new report from the Federal Reserve.

The pace of growth was split between moderate and modest among the Fed's 12 districts, the central bank said Wednesday in its latest gathering of anecdotal information about regional economic conditions, known as the beige book. The report's information was collected through Oct. 6.

The growth occurred alongside Richmond, Atlanta and Dallas districts reporting major disruptions from hurricanes that hit their areas. Dallas experienced an increase in auto sales because of storm-damaged vehicles and Richmond saw heightened manufacturing prices, particularly some raw materials. The Atlanta district reported hurricane-related effects on its energy, agriculture and tourism sectors.

Hurricane Irma had a particularly pronounced impact on Florida's tourism industry. For up to three weeks, hotels and restaurants on Florida's west coast remained closed because of power outages and downed trees, though the rest of the state was functional within a week. Some hotels and resorts in the Florida Keys could take six months to rebuild. But Georgia and Louisiana experienced an uptick in visitors, as Floridians fled the path of the hurricane.

Write to Sarah Chaney at sarah.chaney@wsj.com

 

(END) Dow Jones Newswires

October 18, 2017 14:23 ET (18:23 GMT)

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