Economic activity in the Eleventh District rose marginally over the past six weeks. Manufacturing activity ticked up and demand for nonfinancial services increased. Retail sales were mixed, with automobile sales remaining strong. Real estate activity continued to expand in most markets, while the energy sector contracted further. Loan demand growth slowed and agricultural conditions improved. Reports of employment changes and price pressures were mixed. Outlooks were generally positive but cautious.
Read more...Dallas Beige Book - Dallas Fed
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