WASHINGTON–Demand for new loans across the Federal Reserve’s 12 districts were “mixed,” with a few saying they are seeing some good news in ongoing recovery in the office real estate market, according to the newest Beige Book.
According to the semi-monthly summary of commentary on current economic conditions as reported by the Fed Reserve districts through mid-November, there have been mixed reports on residential construction, with some saying they are seeing declines while others saying it was unchanged.
Similarly, as the CU Daily has been reporting, home sales also varied by district.
“Overall consumer spending declined further, while higher-end retail spending remained resilient,” the report states.
Little Change in Economic Activity
The report found little change in economic activity since the Oct. 15 Beige Book and further stated that projections for what’s ahead are also largely unchanged.
“Some contacts noted an increased risk of slower activity in coming months, while some optimism was noted among manufacturers,” according to the report.
The full report can be found here.
