Latest Regional Business Headline
Fed contacts report mixed picture' for regional economy
The latest snapshot of the regional economy paints a "mixed picture," according to the Federal Reserve Bank, with retailers reporting flat to moderate sales increases while tourism sector contacts say business is "robust." In a Beige Book report released Wednesday, the Federal Reserve's Boston-based First District contacts told them that manufacturers were citing weaker results while consulting and advertising sector officials were reporting "quite positive" results. On the real estate front, the nation's central bank described commercial markets in the region comprising most of New England as "level or improving," while residential real estate contacts "mostly report declines in sales and prices." Read more here.
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