US economic activity rises slightly in early 2023: Fed Beige Book
10 Mar 23 1 min read
The Beige Book is published two weeks before each meeting of the Federal Open Market Committee that sets policies.
US firms indicated persistent price pressures, though some were abating. Several districts noted continued wage growth as well.
Supply-chain issues eased in many districts, which reported relief in some transportation costs. Firms said labor availability was slightly improving, but finding workers with the right skills or experience was a challenge.
A few districts witnessed ‘moderate to strong’ retail sales growth. US consumers remained robust at the start of the year, bolstered by the ample availability of jobs, retail sales and inflation data showed.
Fibre2Fashion News Desk (DS)
Popular News
|
Vermont moves to ban hazardous chemicals in textiles & other goods |
|
Cotton yarn prices decline in south India, uncertainty prevails |
|
MS & JK to showcase pigment printing tech at ITM Istanbul |
|
CITI YEG’s event explores key textile & apparel industry trends |
|
AEPC unveils strategy to boost India’s garment exports |
|
European fashion giants post diverse regional performance in Q1 FY24 |