Goldman Sachs forecast shows impact on GDP and NFP due to strike at US east coast port.

Goldman Sachs note on the US port strike, in summary:estimate that a 10-day full shutdown of East Coast and GulfCoast ports would result in a 0.2pp hit to quarterly annualized GDPgrowth in Q4Mosttransportation-industry strikes since 2000 have lasted less than 2weeks. In order to weigh on October payrolls, the strike would needto last the entire pay period including October 12th. If the strikelasts through the reference period, it would directly weigh onOctober payroll growth by 45kEarlier: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.