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US Economy Shrinks 0.1 Pct., 1st Time In 3 ½ Years

Superstorm Sandy also probably dragged down growth by closing factories, disrupting shipping and shutting down retail stores. While the department did not specify Sandy's effect on GDP, it estimated that Sandy destroyed about $36 billion in private property and $8.6 billion in government property.


Associated Press writers Andrew Taylor and Robert Burns contributed to this report.


Follow Chris Rugaber on Twitter at .

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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