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Highlights from the Fed's US economic survey

Published on NewsOK Modified: June 5, 2013 at 3:46 pm •  Published: June 5, 2013

Retailers reported increased sales activity and the hotel industry remained a bright spot. Home sales and prices rose, while the supply of homes available for sale fell. Manufacturers reported growth in new orders.

CHICAGO (includes Iowa, Wisconsin, Michigan and parts of Illinois and Indiana):

Economic activity expanded at a modest pace and most business contacts were optimistic about the second half of the year. Consumer spending increased, but business spending slowed.

ST. LOUIS (Includes Missouri, Arkansas and Kentucky, and parts of Illinois, Indiana, Tennessee and Mississippi):

Economic activity expanded at a moderate pace with gains in manufacturing and service industries. Retail sales and auto sales have increased while housing showed improvement.

MINNEAPOLIS (includes Montana, North Dakota, South Dakota, Minnesota and parts of Wisconsin and Michigan):

Consumer spending, tourism, residential construction and manufacturing increased. Oil and gas exploration firms in North Dakota reported job shortages. Wages rose modestly and overall prices were stable.

KANSAS CITY (includes Wyoming, Nebraska, Colorado, Kansas, Oklahoma and parts of Missouri and New Mexico):

The economy grew at a modest pace and businesses expected stronger growth this summer. Retail sales and tourism activity increased but auto sales and restaurant sales declined. There was modest growth in manufacturing.

DALLAS (includes Texas and parts of New Mexico and Louisiana):

Economic growth strengthened. Manufacturing reported gains. Home sales and residential construction increased. But drought conditions worsened despite some rain.

SAN FRANCISCO (includes California, Washington, Oregon, Idaho, Nevada, Utah, Arizona, Hawaii and Alaska):

Economic activity expanded at a modest pace with price inflation subdued for most goods and services. Retail sales were soft but home sales expanded at a robust pace.