Truthmatters
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- May 10, 2007
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Fed survey: U.S. economy growing throughout country - Richmond Times-Dispatch: Banking
Consumer spending increased in most regions, although spending growth slowed in many districts and much of the gains were driven by auto sales.
Many districts said consumers pulled back slightly elsewhere after seeing taxes rise and gas prices increase. Some also expressed concerns about federal spending cuts that started March 1.
Housing markets showed more strength in nearly all parts of the country. Manufacturing grew modestly in most regions after struggling through most of 2012. And many districts reported improvement in individual jobs markets.
Consumer spending increased in most regions, although spending growth slowed in many districts and much of the gains were driven by auto sales.
Many districts said consumers pulled back slightly elsewhere after seeing taxes rise and gas prices increase. Some also expressed concerns about federal spending cuts that started March 1.
Housing markets showed more strength in nearly all parts of the country. Manufacturing grew modestly in most regions after struggling through most of 2012. And many districts reported improvement in individual jobs markets.