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- US Economy Sees Slight Increase in Activity
US Economy Sees Slight Increase in Activity
The current
US economic situation, according to the Beige Book report released last night,
shows that economic activity expanded at a slight-to-moderate pace in March and
early April.
The report,
which presents data collected by each of the 12 Federal Reserve Districts, shows
that results concerning consumer spending were varied. Overall the results in
this area illustrated sluggish sales for both general retailers and auto
dealers.
While the
outlook on consumer spending was dull, the picture concerning tourism was
generally brighter. The demand for loans seemed to be steadily growing and the
country’s manufacturing activities were favourable. Strong home sales were
witnessed in most districts and agricultural conditions remained weak. There
was a nationwide increase in employment and prices have risen some-what.
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