Easy access to all the Government news updates

Subscribe and receive personalized news articles straight in your inbox

*By clicking "Join us now" you agree to receive emails, promotions and general messages from ExecutiveGov. In addition, you also agree to ExecutiveGov's Privacy Policy and Terms & Conditions.

x

Fed Beige Book Indicates ‘Modest, Slight’ Economic Growth

1 min read

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.

ExecutiveGov Logo

Sign Up Now! Executive Gov provides you with Free Daily Updates and News Briefings about Technology

Leave a Reply

Your email address will not be published.