Beige Book: Modest to moderate pace of economic expansion

|By:, SA News Editor

Economic activity continued to expand at a "modest to moderate pace" throughout the nation. Manufacturing activity expanded modestly, residential real estate activity increased moderately in most districts, and demand for nonresidential real estate gained overall.

Lending activity was mixed - lending standards were largely unchanged, while credit quality improved.

Hiring held steady or increased modestly relative to the prior reporting period.

Full Beige Book report.