According to the Fed's Beige Book, released on Wednesday, the US economy grew at a moderate pace in the period from mid-October to 20 November, helped by growth in consumer spending, as well as improvements in the employment market.
Fed's Beige Book - a kind of summary of economic conditions in regions of the USA.
Thus, according to the Beige Book, ten of the twelve districts observed modest, moderate or sustainable growth.
Fed's Beige Book data point to improving economic conditions, and in almost all districts saw an increase in consumer spending, which is very important to maintaining the country's economy.
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Car sales in November rose significantly, the real estate market there is a lively demand is also seen improvements in the employment market. Wages showed stability in some industries grew.
At the same time, other sectors of the economy showed mixed results, as the manufacturing sector is experiencing discomfort due to lower commodity prices, a strong dollar and lower demand for American goods abroad.
Activity in the energy sector decreased in several districts due to persistently low oil prices.
Data on farms are mixed, since each region has its own specifics.