Federal Reserve: Economy Expands at 'Measured Pace' - Modern Distribution Management

Log In

Federal Reserve: Economy Expands at ‘Measured Pace’

Seven of 12 Federal Reserve Districts reported slowing or contraction in manufacturing.

Economic activity expanded at a measured pace in recent weeks, according to reports from the 12 Federal Reserve Districts in the latest Beige Book report. All districts grew at a modest pace except for St. Louis and Minneapolis with somewhat stronger increases and Boston reporting a slower rate of growth.

\"TheDownload a Free Chapter:
The Little Black Book of Strategic Planning for Distributors

Submit your email address below to receive a chapter of Brent Grover’s new book. When you submit your email you will be signed up to receive weekly distribution news updates.


Consumer spending grew at a moderate pace in most Districts, while manufacturing weakened, on balance. Seven of the 12 Districts reported either slowing or outright contraction in manufacturing, and two others gave mixed reports. Automobile sales varied by District.

Hurricane disruptions slowed freight shipments in some Districts while boosting demand for shipments of emergency supplies.

Overall, markets for single-family homes continued to improve across most Districts with the exception of Boston and Philadelphia. Construction and commercial real estate activity generally improved across Districts. 

Reports on agricultural conditions were mixed, as drought conditions persisted in several Districts. In the energy sector, extraction expanded on balance in San Francisco and activity remained at high levels in the Minneapolis and Dallas Districts.

Most Districts reported modest gains in hiring, while wage and price pressures remained mostly subdued. Employment increased in more than half of the 12 Districts.

Price increases were mostly in line with the modest pace reported in the last assessment.

Read the full Beige Book report from the Federal Reserve.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.