Europe 2015

Greece 52%

Italy 42%

Portugal 33%

Arab Spring 2011

Yemen 59%

Iraq 44%

Egypt 31%

Federal Reserve Beige Book – April 2015

Atlanta

Boston

Chicago

Cleveland

Economic activity expanded at moderate pace; outlook among businesses remain positive; retailers saw rebound in sales with improved weather; home sales exceeded plans of brokers; homebuilder activity up from year-ago level; overall expansion in manufacturing activity; labor market tightening; oil and gas companies curtailing capital expenditures

Business conditions stable or improving; retail saw sales increases; home improvement goods demand rose; consumer confidence greater; manufacturers saw stronger dollar weighing on sales; prices for investment properties rose; consulting and advertising businesses saw strong demand in Q2; homebuyer confidence up

Economic growth activity moderate; consumers pending, business spending, and manufacturing production grew at moderate rates; credit conditions slightly changed; real estate activity increased modestly; cost pressured were subdued, energy prices remain low; widespread rain damaged crops and restricted fieldwork

Business activity little change; factory contracts fell; sales of new and existing single-family homes rose; retail revenues flat; banks believe confidence in economy is better than loan growth indicates; coal production was flat and drilling rigs operating decreased; freight volume mixed

New York

Richmond

Kansas City

St. Louis

Retail sales were sluggish; housing market is steady and getting stronger; manufacturers optimistic for near term outlook; small- to mid-sized banks in the district saw loan demand increase

Economic conditions rose moderately; manufacturing activity increased; retail sales strengthened; tourism moved into peak season; residential loan demand rose modestly; commercial loan demand strengthened moderately; labor demand rose for many worker categories; activities at district ports rose; modestly stronger business in agriculture sector

Economy increased modestly; consumer spending activity expanded at moderate pace; manufacturing sector saw decline in activity; energy industry saw activity fall; transportation saw decrease in sales; wholesale trade sector saw improvement in sales; high-tech industry saw activity increase; agricultural harvest quality fell due to heavy rain

Economic activity increased at moderate pace; residential housing market conditions continued to improve at a steady pace; commercial construction saw increase in backlog; consumer spending grew at modest pace; loans outstanding saw double digit gains from sample group; crop conditions deteriorated due to severe weather

Dallas

Minneapolis

Philadelphia

San Francisco

Economy grew at modest pace; manufacturers saw weaker demand; retail sales rose; auto sales were strong; nonfinancial services saw improved demand; solid real estate activity; loan demand rose; demand for oil field services held steady; rainfall improved farming conditions

Economy grew at moderate pace; consumer spending rose; tourism increased; commercial construction improved; agricultural conditions increased; activity in energy and mining industries fell; wages saw moderate gains; prices were flat; professional services activity increased

Business activity grew at modest pace; manufacturing activity picked up with improvements in contract orders and shipments; retail sales rose moderately with convenience store locations seeing record sales; modest overall increase in total loan volume; change in real estate construction flat

Economic activity grew at moderate pace; price inflation firmed; upward wage pressures; retail sales strengthened; demand for business and consumer services increased; agricultural output improved; real estate activity continued to strengthen