Fed's regional economic.(Brief Article)

Purchasing, January, 2001

The Fed's regional economic roundup (Beige Book) finds slowing economic growth. Several districts note stable or declining manufacturing activity. Banks report mixed to declining loan demand and tighter commercial lending standards. Labor shortages persist in almost all areas, although there are some signs of easing.

Wage growth remains moderate but employee health benefit costs are on the rise once again. Raw materials prices are mixed, with energy and petroleum-based inputs rising and lumber and metals costs falling. Prices of finished goods are generally flat. Industries reporting continued strength included semiconductors, office equipment and information systems.