The U.S. economy continues to expand at a modest pace, but with weaker or less certain outlook, reported the Federal Reserve on Wednesday. In its latest economic performance survey, the central bank saw either "modest" or "slight" expansion in districts including St. Louis, Minneapolis, Kansas City, Dallas, and San Francisco. But growth in other districts including New York remained sluggish or more slowly. The survey, known as the Beige Book, was based on economic information supplied by the Fed's twelve regional banks and collected during the reporting period from August 27 to October 7. "Contacts generally noted weaker or less certain outlooks for business conditions," said the central bank. The Fed said that consumer spending "was up slightly" in most districts since the last report, with auto sales and tourism leading the way in several of them. Business spending increased somewhat, but many Districts noted restraint in hiring and capital spending plans. U.S. residential and commercial real estate remained "weak". The Fed also noted that labor market conditions "were little changed, on balance, in September", with some districts reported only limited and selective demand for new hires. Government data showed that U.S. economy only grew 0.9 percent in the first half year. It is expected to grow faster in the second half of 2011, but may not overpass 2.5 percent.
GMT 17:19 2018 Thursday ,11 January
China factory gate inflation slows to 13-month lowGMT 17:50 2018 Wednesday ,10 January
German industrial output rebounds in NovemberGMT 17:39 2018 Wednesday ,10 January
Samsung tips record Q4 operating profit of more than $14 bnGMT 17:29 2018 Tuesday ,09 January
German industrial orders dip in NovemberGMT 15:36 2018 Thursday ,04 January
China factory activity accelerated in December: CaixinGMT 13:33 2018 Wednesday ,03 January
Turkey inflation rate eases but still stubbornly high in DecemberGMT 16:27 2018 Monday ,01 January
China manufacturing activity slows in DecemberGMT 17:36 2017 Sunday ,31 December
Spain to leave EU's deficit 'sin bin' next year: Rajoy
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor