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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 July 14, 2016

Is the uncertainty swirling about the U.S. presidential election this fall having any effect on your business plans?

We've decided to put investments on hold.
8%
(7 votes)
We're not doing any hiring until the election's over.
7%
(6 votes)
It doesn't matter a bit. We're going full speed ahead.
34%
(30 votes)
We're taking a cautious approach and weighing every decision.
30%
(26 votes)
Is it too late to move to Canada?
15%
(13 votes)
I'm not planning to vote. It would be too painful.
7%
(6 votes)
Total votes: 88