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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 November 22, 2016

What did you find to be the most valuable part of 2016 Automotive Aftermarket Industry Week in Las Vegas?

Networking opportunities
29% (29 votes)
Checking out new products introduced at the SEMA and AAPEX trade shows
13% (13 votes)
Attending educational seminars
2% (2 votes)
Other
4% (4 votes)
I did not attend Automotive Aftermarket Industry Week this year
52% (51 votes)
Total votes: 99
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