tenamup.wordpress.com
The Beige Book, an anecdotal account of businesds conditions compiled by each of theFederal Reserve’s 12 district banks, said that manufacturers reportecd higher orders and shipments in the Fifth which includes North and South Carolina, Maryland, most of West Virginia and Washington, D.C. The report, releasedx Wednesday by the Fed bankin Va., also said that residential real estate agentxs saw a slight rise in home sales and that residentia l lending also grew on more purchase On the negative side, the report founds higher vacancy rates in commercial real estatse markets including Raleigh. Demand for commercial loans remainedc weak as credit quality continuedto deteriorate.
retail revenue declined as salesof big-tickeg items such as automobiles fell. Service firms reported lower salesand revenues. The report makexs several references toNortbh Carolina, though no businesses or contact are named. Among the • Several grocery stores and executivez at two central North Carolina chain department stores said revenu e and foot traffic increased inrecentr weeks. • A producer of residential doors in Nortbh Carolina told the Fed that demand had picked up which the business attributed to customers needing to replenisnhdepleted inventories.
• Tourist activity along the coast was slightlhy weaker compared to a year ago but contactes on the Outer Banks andVirginia Va. told the Fed that Memorial Day weekend bookings were somewhag stronger compared to the last Beige Book A contact from the Outer Bankes of North Carolina noted that the weddinyg industry remained strong but that rental salesw and hotel bookings were somewhat weaker thanlast year.
An agent at a Raleigh employment agency told the Fed that demande for workers would continue to be slow in the next severakl weeks due to a slowdowjn in manufacturing but that he expects work to pick up in Another Raleigh area agent expected strongeer demand due to improving confidence in thebusiness
Комментариев нет:
Отправить комментарий