Private consumption increased moderately and inventories were low, curbing sales of some items, especially light vehicles. Leisure and hospitality activities increased in most districts as the spread of delta variants declined in many areas.
Manufacturing growth was strong across the district, although material and labor shortages restricted expansion. The document states that large volumes of cargo continue to strain the distribution system.
U.S. economic activity is moderate to moderate in most Federal Reserve (FRB) districts from October to early November, according to the Beige Book, a summary of the Federal Reserve’s commentary on the current economic situation. I grew up at a moderate pace. Some Fed districts have pointed out that despite strong demand, supply chain disruptions and labor shortages are curbing growth.
Energy sector activity is generally high, and agriculture has witnessed improved financial conditions and rising land prices. Overall activity outlook remained good in most districts, but some pointed to uncertainty about when supply chain and labor supply challenges would be mitigated.
Prices rose at a moderate to steady pace, with price increases spreading across the economic sector. He added that there was a widespread increase in input costs due to strong demand for raw materials, logistics challenges and tight labor markets.
Fiber2Fashion News Desk (DS)
Moderate to Moderate Economic Activity in the Federal Reserve Bank District from October to November
Source link Moderate to Moderate Economic Activity in the Federal Reserve Bank District from October to November