Since early October to mid-November, economic activity in the US regions increased at a moderate pace, as evidenced by a regional review published on Wednesday by the Federal Reserve System (FRS) called the “Beige Book”.
Forecasts remain positive, while respondents expect the current level of economic growth to continue in the next fiscal year.
The country’s districts report increasing consumer spending from a steady pace to moderate. There has been an increase in car sales and an increase in tourism. As for manufacturing, in the main part of the regions, there is still no rise.
Sales volumes of houses have not changed. Housing growth increased compared to the previous report.
The conditions in the agricultural sector underwent minor changes and remained under the influence of adverse weather conditions and low grain prices. Activity in the energy sector has deteriorated somewhat.
Employment in the country continues to rise slightly. Most districts maintained a moderate increase in wages.
Prices have shown moderate growth. In general, companies, for the most part, expect price increases.