KANSAS CITY — "Slight to moderate" economic growth expanded across all 12 Federal Reserve Districts in June 2017, according to the most recent Beige Book.
Most of the districts expect modest to moderate growth in the coming months, with consumer spending rising in tourism and non-auto retail sales, the publication said. However, auto sales declined in half of the districts.
Manufacturing and non-financial services grew modestly to moderately since the last Beige Book in May, and loan demand was steady to increasing.
Residential and non-residential construction was largely flat, with most districts citing low home inventory levels constraining home sales in many areas.