Fed's Beige Book: «Overall economic activity expands at moderate pace»

Market news

6 June 2012

Fed's Beige Book: «Overall economic activity expands at moderate pace»

- Manufacturing activity grew in most counties
Districts reported modest or moderate growth rates
Consumer spending remained unchanged or moderately increased
There is an increase in travel, tourism
Construction has grown in many districts
The situation in the real estate market shows improvement
New car sales remained strong
Lenders have reported an improvement in credit conditions
Production, exploration of energy resources grow

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