Economic activity in the Eleventh District was flat to up slightly over the past six weeks. Manufacturing held fairly steady on net while demand for nonfinancial services increased modestly. Retail sales edged down except for automobiles, where sales pushed to even stronger levels. Real estate activity continued to expand in most markets, while the energy sector contracted further. Reports of price pressures and employment trends were varied. Outlooks were still somewhat optimistic, although generally cautious, with oil price volatility and the presidential election driving some of the uncertainty.
Read more...Dallas Beige Book - Dallas Fed
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