All areas of the country show growth, Fed reports

All areas of the country show growth, Fed reports




The U.S. economy started the year off well with busier factories, higher retail sales, more jobs and growth in home sales, according to a new publication from the nation's central bank. The Federal Reserve says all 12 of its banking districts reported some level of growth in January and the first half of February. Manufacturing output rose in all districts. Auto manufacturing, steel makers and other metal producers all reported strong growth. Home sales increased in at least half of the districts, a notable improvement on the Fed's last report in January. Some manufacturers did express concerns about Europe's financial crisis, the Fed says in its report, known as the Beige Book. The Beige Book is released eight times a year. The findings from each of the Fed's regional bank districts are all anecdotal; there are no numbers. The closest regional district for Louisiana is Dallas, which attests to moderate economic growth over January and February and a mostly positive outlook.



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