Board of Governors of the Federal Reserve System

expectations, 32 percent reported that sales were below expectations, ...expectations. Lower-priced items, apparel, and shoes were strong sellers

expectations, 50 percent reported that sales were below expectations, ...expectations. Higher-priced items continued to be weak sellers. About

expectations of improvement going forward. Consumer spending was weak ...expectations for future production. Residential real estate activity strengthened

expectations, 45 percent reported that sales were below expectations, ...expectations. Lower-priced items were strong sellers, while higher-priced

expectations. Construction and real estate markets continued to soften...and weaker than expected. Inventory levels are high, and manufacturers

Expectations call for demand to remain at current levels or to increase...Expectations call for construction activity to remain at current levels

expectations, 47 percent reported that sales were below expectations, ...expectations. Jewelry and food were strong sellers, while gift items,

expectations, 39 percent reported sales above expectations, and 35 percent...and/or rising input costs, other firms in the animal slaughtering and

expectations, 37 percent reported that sales were below expectations, ...expectations. Lawn and garden items and men's apparel were strong sellers

expectations. Average daily hotel room rates were up in October and hotel...expectations about activity six months out, with production and employment