Highlights from the Fed’s US economic Survey

The Federal Reserve survey released on Wednesday found the United States economy grew at a “moderate” pace from mid-November through early January.

The Fed said growth was helped by holiday shopping, strong auto sales and a recovering housing market. The report, known as the Beige Book, is based on anecdotal information from the Fed’s 12 regional banking districts.

PHILADELPHIA:The economy picked up after disruptions from Superstorm Sandy. Sales of new and used autos accelerated. Home sales remained strong. Manufacturers saw only mild growth.

CLEVELAND:Business activity expanded modestly, although some companies in the region expressed uncertainty because of the resolved budget debate in Washington. Manufacturing orders were flat or down slightly

CHICAGO (includes Iowa, Wisconsin, Michigan and parts of Illinois and Indiana): Economic activity expanded at a slow pace in late November and December. Many business contacts said they expected growth in 2013 would match or exceed 2012. But some were cautious because of the uncertainty surrounding the budget debate in Washington.

DALLAS (includes Texas and parts of New Mexico and Louisiana): Manufacturing remained mixed. Real estate and construction activity continued to improve. Retailers reported stronger holiday sales and auto dealers reported sales that were above year-ago levels.

Published by thevanwinkleteam

Together Roy & Ramona have been in Real Estate for over 20 years. They started with Woodland Properties, but were most recently at Preview Properties where they were top producers closing nearly 100 transactions annually. Shortly after arriving to Keller Williams Realty in 2001, they created The VanWinkle Team adding their son Colby and tripling their business in the second full year with Keller Williams Realty. The VanWinkle Team offers experience and knowledge to make your sale or purchase go smoothly. They are committed to the highest level of customer service which is embodied by all in their office. They are also dedicated to creating lifetime relationships with all of their clients. When you work with The VanWinkle Team, you get the full service and attention of their highly qualified team! Serving Snohomish County Since 1988!

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