Wednesday, April 14, 2010

Beige Book shows improving US economy

The US economy is continuing to show signs of health, with manufacturing, residential real estate and consumer spending improving during the last six weeks, the Federal Reserve said on Wednesday.

In its latest Beige Book survey, the Fed said that overall economic activity had “increased somewhat” in 11 of the 12 districts it tracks. Although St. Louis lagged behind, most regions saw greater tourism traffic, renewed consumer demand and fresh indications of hiring.

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