Dallas Beige Book 4/15/2015 via Dallas Fed

The Eleventh District economy grew at a moderate pace over the past six weeks, similar to the prior reporting period. Manufacturers mostly reported steady or increased demand. Retail reports were more mixed, but reports of automobile sales were consistently positive. Demand for nonfinancial services improved or held steady, and real estate activity remained solid. The energy sector continued to decline. Price pressures were muted and employment held steady or increased. Outlooks remained cautiously optimistic to quite positive, except for in the energy sector where outlooks were negative.

Prices
Most responding firms said prices held steady over the last six weeks. Retailers noted elevated transportation costs because of the West Coast port strike, while a few other industries--transportation services, airlines, and food and construction-related manufacturing--said lower fuel prices reduced transportation costs. Restaurant contacts said selling prices moved up to accommodate continued increasing costs and that further prices increases are expected by the third quarter.

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