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New Beige Book Summary of Current Economic Conditions Available Now
Monday, July 18, 2016 6:50 AM

Prepared at the Federal Reserve Bank of St. Louis and based on information collected on or before July 1, 2016, the new Beige Book summary on the current economic conditions reveal that economic activity continued to expand at a modest pace across most of the 12 regions from mid-May through the end of June.

Labor market conditions remained stable as employment continued to grow modestly since the previous report and wage pressures remained modest to moderate. Price pressures remained slight. Consumer spending was generally positive but with some signs of softening. Manufacturing activity was mixed but generally improved across Districts. Real estate activity continued to strengthen, and banks reported overall increases in loan demand. Agricultural activity was mixed but generally improving. The natural resources and energy sector has remained weak.

The outlook was generally positive across broad segments of the economy including retail sales, manufacturing, and real estate. Districts reporting on overall growth expect it to remain modest.

For more detailed information, please visit June Beige Book.