I covered what the Beige Book is a little earlier today. A little while ago the report was released stating that seven of the twelve districts are seeing modest economic growth, New York and Chicago are seeing a pickup in the pace of economic growth, Dallas and San Francisco are experiencing moderate growth and the Richmond district is seeing flat economic activity.
Some other highlights –
Consumer spending was higher in most districts.
The non-financial services sector is experiencing an increase in demand.
There seems to be a general expansion of manufacturing activity.
Inflation pressures seem limited at the final goods level.
Wage pressure is also moderate – with a few specialized sectors seeing strong growth.
Real estate activity is steady – but already at very low levels.
Banks were seeing some improvement in lending demand.
Farmers are seeing high demand for food products.