Thread: Fed survey: Growth picks up in most of U.S.

Fed survey: Growth picks up in most of U.S.

By Jeannine Aversa, AP Economics Writer

WASHINGTON — The U.S. economy improved in most parts of the country this fall as factories produced more and shoppers spent more money.
The latest periodic survey by the Federal Reserve finds that 10 of the Fed's 12 districts reported economic growth picking up.

Five districts — Boston, Cleveland, Atlanta, Dallas and San Francisco — said growth increased at a "slight to modest" pace from early October to mid-November. Another five — New York, Richmond, Chicago, Minneapolis and Kansas City — said economic activity was increasing at a "somewhat stronger" pace. Only two regions — Philadelphia and St. Louis — reported business conditions as mixed.

All told, the survey offers a marginally brighter picture of the economy over the past six weeks.


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In the Fed's previous survey, for instance, three regions — Philadelphia, Richmond and Cleveland — reported economic activity as mixed or steady. Two regions — Atlanta and Dallas — suggested growth had slowed.

Stronger production at factories helped propel growth in most parts of the country, the new survey says. Makers of fabricated metals and autos and related goods saw the biggest gains.

Retailers also reported better sales in most parts of the country, the Fed said. However, merchants in the regions of Boston, Cleveland, Richmond and St. Louis said results were mixed.

http://www.usatoday.com/money/economy/2 ... book_N.htm

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