Fed Beige Books reveals contrast in Southeast and rest of nation

Reading the above title, I’ll bet you thought that the Southeast is doing better than the rest of the country.  That has been the case for quite a while, but not this time.  When one reads the Atlanta District Summary it goes something like this:

Home sales slowed – outlook pessimistic;
Commercial real estate weak;
Manufacturing rate slowed;
Businesses expand temporary hires; and
Tourism reports generally positive – business travel up.

The national summary sounds something like this:

Economic activity increased or held steady;
Manufacturing activity moved up in some districts – automotive suppliers increased;
Retail sales generally positive;
Commercial real estate and homes sales continue to struggle;
Energy sector increased; and
Labor markets improved.

One sure thing to take away from reading the Beige Book is that economic activity is not uniform across the country.  Some areas, especially those with diversified economies, seem to be improving.  Areas that have most of their economic eggs in one basket are seeing a crack here and there.  At any rate, the Beige Book offers interesting and instructive reading.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.