Home / News / Fed Beige Book Indicates ‘Modest, Slight’ Economic Growth

Fed Beige Book Indicates ‘Modest, Slight’ Economic Growth

Overall economic activity expanded in September, but the Federal Reserve System’s Beige Book survey reports growth in many Fed districts could be “modest’ or “slight.”

“Contacts generally noted weaker or less certain outlooks for business conditions,” the Fed’s survey said.

The Beige Book is published eight times a year and is a survey of economic conditions in each Fed district. The information is gathered through reports from Fed banks and branch directors and interviews with key business contacts, economists, market experts, and other sources.

The survey found consumer spending was up slightly in most districts, with auto sales and tourism leading the way. Business spending also increased slightly, particularly for construction and mining equipment and auto dealer inventories, according to the survey.

Hiring and capital spending plans were restrained and labor market conditions remained largely unchanged, the survey said.

Check Also

DoD: China Acquiring Tech for Military Modernization Through Legal and Illicit Means

The Defense Department said in a recent report that the Chinese government has been pursuing its military modernization goals through legal and illicit means, procuring foreign technology through legal means but also engaging in clandestine operations to gain access to regulated or export-restricted material, the DoD stated in its report to Congress.

Leave a Reply

Your email address will not be published. Required fields are marked *