Economic activity in the Eleventh District expanded moderately over the past six weeks. Manufacturing activity increased, and demand for nonfinancial services strengthened. Retail and automobile sales rose, although there were some reports of weakness. Housing demand grew and commercial leasing activity expanded in most markets. Loan demand was stable, and the energy sector saw further improvement. Agricultural producers faced mixed conditions, as record grain yields pressured prices, despite firm demand. Prices, employment and wages increased. Outlooks generally improved.
Read more...Eleventh District Beige Book - Dallasfed.org
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