Beige Book At a Glance
Commercial real estate markets were generally reported to be steady or softening in most areas.
3/4 of Districts characterized economic activity as weakening. The others reported mixed or steady growth
Manufacturing was mixed.
Residential real estate markets were still sluggish with pockets of improvement in sales and buyer traffic.
Banks reported mixed trends in lending, [...]
Beige Book At a Glance
Retail sales were reported as weak or softening.
2/3 of Districts characterized economic activity as softening or weakening. The others reported subdued, slow, or modest growth
Manufacturing was mixed to down.
Residential real estate markets were still slow and commercial real estate was beginning to slow in some districts.
Tourism was a bright spot in [...]
Beige Book At a Glance
Reports on consumer spending were consistently weak, with disappointing holiday sales that, in nominal terms, mostly were at or below last year’s levels.
Most Districts characterized growth as “sluggish” or economic activity as “soft” or “subdued.”
Slight improvement was evident in manufacturing.
Residential construction activity and home sales remained at high levels in [...]
Beige Book At a Glance
Among Districts, seven reported a slower pace of economic activity while the remainder generally pointed to modest expansion or mixed conditions.
District reports indicated relatively soft retail spending
Manufacturing activity was mixed across subsectors but appeared to be largely stable on balance.
Demand for residential real estate remained quite depressed, with only a few [...]
Beige Book At a Glance
Economic activity continued to expand in all Districts in September and early October
The pace of growth decelerated since August and was characterized as “moderate,” “modest” and “mixed.”
Most Districts reported additional declines in home sales, prices and construction.
Commercial real estate market fundamentals remained solid.
Labor markets remain tight across much of the [...]
Beige Book At a Glance
Reports from the Federal Reserve Districts indicate that economic activity has continued to expand.
Most Banks reported that the recent developments in financial markets had led to tighter lending standards for residential mortgages.
Commercial real estate activity was generally stable to expanding.
Retail sales were generally positive, with increases characterized as modest to moderate.
Manufacturing [...]
