Beige Book: Economy Kept Growing Across U.S. in June, Early July
2014-07-16 18:00:00.2 GMT
By Vivien Lou Chen
July 16 (Bloomberg) -- Fed Beige Book shows economy grew in
every region of U.S., bolstered by consumer spending, tourism,
manufacturing and improving labor market.
* Economic growth was “moderate” in NY, Chicago,
Minneapolis, Dallas and SF regions, based on report compiled
by Kansas City Fed from information collected between ~late
May-July 7
* Remaining districts had “modest” expansion
* Boston, Richmond said they had “slightly slower pace of
growth” compared with previous report
* Most districts “were optimistic about the outlook for
growth”
* Labor market improved in all districts, with slight-moderate
employment growth
* Wage pressures were modest in most places, except for
skilled talent
* Price pressures were “generally contained”
* Consumer spending, tourism, manufacturing, non-financial
services grew in every region
* Retail sales grew modestly in most places, vehicle sales
remained stronger than non-auto retail sales
* Transportation rose at moderate pace
* Real estate varied; many districts reported low inventories,
rising home prices; demand was mixed
* Loan volume rose across U.S., with slight-moderate increases
in most districts
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To contact the reporter on this story:
Vivien Lou Chen in San Francisco at +1-415-617-7078 or
vchen1@bloomberg.net
To contact the editors responsible for this story:
James Holloway at +1-212-617-4454 or
jholloway8@bloomberg.net
Greg Chang
2014-07-16 18:00:00.2 GMT
By Vivien Lou Chen
July 16 (Bloomberg) -- Fed Beige Book shows economy grew in
every region of U.S., bolstered by consumer spending, tourism,
manufacturing and improving labor market.
* Economic growth was “moderate” in NY, Chicago,
Minneapolis, Dallas and SF regions, based on report compiled
by Kansas City Fed from information collected between ~late
May-July 7
* Remaining districts had “modest” expansion
* Boston, Richmond said they had “slightly slower pace of
growth” compared with previous report
* Most districts “were optimistic about the outlook for
growth”
* Labor market improved in all districts, with slight-moderate
employment growth
* Wage pressures were modest in most places, except for
skilled talent
* Price pressures were “generally contained”
* Consumer spending, tourism, manufacturing, non-financial
services grew in every region
* Retail sales grew modestly in most places, vehicle sales
remained stronger than non-auto retail sales
* Transportation rose at moderate pace
* Real estate varied; many districts reported low inventories,
rising home prices; demand was mixed
* Loan volume rose across U.S., with slight-moderate increases
in most districts
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Vivien Lou Chen in San Francisco at +1-415-617-7078 or
vchen1@bloomberg.net
To contact the editors responsible for this story:
James Holloway at +1-212-617-4454 or
jholloway8@bloomberg.net
Greg Chang