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Economic growth at moderate pace —Fed 'Beige Book'

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PHILADELPHIA (Sept. 4, 2014) — U.S. economic activity expanded in August compared with July, but the general pace of growth is still moderate, the Federal Reserve’s latest “Beige Book” stated.

Consumer confidence, consumer spending and tourism were up in most of the 12 Federal Reserve districts, according to the document issued Sept. 3.

Boston and Richmond reported strengthened business activity, while Dallas and Philadelphia noted record-high levels for auto sales, the report said.

Activity among non-financial service sectors showed overall improvement, but manufacturing was mixed, the report said.

The Beige Book is compiled every month by a different Federal Reserve district bank, using data from sources outside the Fed. The current report was compiled by the Federal Reserve Bank of Philadelphia.

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TB Reader Poll

Previous | Published December 27, 2016

In terms sales and revenue, how is your business shaping up in 2016 vs. 2015?

Both sales and revenue are up
32% (45 votes)
Both sales and revenue are down
23% (32 votes)
Both sales and revenue are flat
19% (26 votes)
Sales are up, but revenue is flat to down
12% (16 votes)
Revenue is up, but sales are flat to down
14% (20 votes)
Total votes: 139
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