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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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Previous | Published February 11, 2016

Are you paying attention to the ups-and-downs of the stock market?

Yes, I invest in the market
64%
(63 votes)
Yes, but I mostly keep an eye on just my company's stock
3%
(3 votes)
No, it makes me nauseous
16%
(16 votes)
I’m glad I don't invest in the market; I would have lost my shirt
17%
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Total votes: 99