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 May 22, 2015

When is the last time you attended one of the national tire industry trade shows, such as SEMA, ITEC or the North American Tire & Retread Expo?

I try and take in at least one show a year.
30%
I usually attend one every few years.
14%
There are so many tire maker and distributor meetings each year, I don’t see a need to attend one of the national shows.
12%
I don’t find value in these shows and haven’t been to one in years.
19%
I’d like to but I am too busy
25%