Inflationary Pressures Ease; Labor Market Conditions Weaken - Modern Distribution Management

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Inflationary Pressures Ease; Labor Market Conditions Weaken

The latest Federal Reserve Beige Book report is out and on the Web this week. The report is a compilation of conditions across all 12 Federal Reserve Districts in the U.S.
 
Here's the overview:
 
Consumer spending decreased in most Districts, with declines reported in retailing, auto sales and tourism. Nearly all Districts commenting on nonfinancial service industries noted reduced activity. Manufacturing slowed in most Districts. Residential real estate markets remained weak, and commercial real estate activity slowed in many Districts. Credit conditions were characterized as being tight across the 12 Districts, with several reporting reduced credit availability for both financial and nonfinancial institutions. District reports on agriculture and natural resources ...
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The latest Federal Reserve Beige Book report is out and on the Web this week. The report is a compilation of conditions across all 12 Federal Reserve Districts in the U.S.
 
Here’s the overview:
 
Consumer spending decreased in most Districts, with declines reported in retailing, auto sales and tourism. Nearly all Districts commenting on nonfinancial service industries noted reduced activity. Manufacturing slowed in most Districts. Residential real estate markets remained weak, and commercial real estate activity slowed in many Districts. Credit conditions were characterized as being tight across the 12 Districts, with several reporting reduced credit availability for both financial and nonfinancial institutions. District reports on agriculture and natural resources were mostly positive, although adverse weather associated with hurricanes Ike and Gustav negatively affected the South and the Midwest.
 
Inflationary pressures moderated a bit in September. While several Districts noted continuing pass-through of earlier price increases for metals, food and energy, most indicated that cost pressures had eased. Labor market conditions weakened in most Districts, and wage pressures remained limited. Several Districts reported lower capital spending or reductions in capital spending plans due to the high level of uncertainty about the economic outlook or concerns over the availability of credit.
 
Read the full report here.

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