Board of Governors of the Federal Reserve System

months of 2003. District bankers noted somewhat higher demand for commercial...months, leading some dealerships to increase hiring. Services District

August 5, 1998 Summary of Commentary on Current Economic Conditions by Federal Reserve District Summary Prepared at the Federal Reserve Bank

month and on a year-over-year basis, although auto sales were just about...months. Firms in nearly all the major goods-producing sectors in the region

months. Final demand, which had been quite robust early in the year, was...months of somewhat faster advances; over the twelve months ended in April

months. In manufacturing and construction, employment contracted further...months was slightly larger than the advance over the preceding twelve-month

months of 1997, and labor costs accelerated a little from the pace of ...month-to-month movements were affected by unevenness in the timing of

months. Nonfinancial Services Most Districts experienced growth in nonfinancial...months, while contacts in Dallas were less confident for future growth

months, although they were still somewhat lower than a year ago in most...months, due in part to the spending of tax refunds. With the recent improvement

months. Manufacturers, on balance, reported increases in shipments and...months, but they remain below averages in recent years. Bank lending rose

months of 1998. Retailers report that sales were above plan in February...months, as office vacancy rates continued to fall. Regional purchasing