Agricultural conditions mixed in latest Beige Book

September 14, 2017

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.