WASHINGTON, DC—The Federal Reserve begins itsperiodic release of Beige Book economic reports in2016 with a survey that finds the reporting districts"generally upbeat" as economic activity has expanded in nine of theDistricts since the previous Beige Book report.
Consumer spending grew somewhat, as did nonfinancial services.Manufacturing, unfortunately, weakened from the previous Beige Bookrelease. For GlobeSt.com's readers, the news is good: realestate sectors continued to show improvement.
Workers, though, will find little to cheer about in this report,other than the indications in the report that job growth continues.The report noted that labor markets continued to improve, with fourdistricts -- New York, Cleveland, Atlanta, and MinneapolisDistricts -- mentioning "signs of labor market tightening".
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
