Residential and commercial construction increased, vehicle sales mixed.
Overall economic activity expanded at a modest to moderate pace across all 12 Federal Reserve Districts in July and August, according to The Beige Book released on Sept. 6.
The Beige Book is a Federal Reserve System publication about current economic conditions in the 12 Federal Reserve Districts. The data in this issue was collected primarily before Hurricane Harvey made landfall in Texas.
Here’s a look at what’s inside the latest Beige Book.
On the plus side:
Gains were reported for non-auto retail sales and tourism.
Capital spending increased in several districts.
Residential and commercial construction increased slightly.