US Federal Reserve Beige Book: Boston District (Text)
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The following is the text of the
Federal Reserve Board’s First District-- Boston.
FIRST DISTRICT - BOSTON
Economic activity in the First District continues to expand at a
moderate pace. Residential real estate sales increased relative
to last year and commercial construction activity continues to
gain momentum.. Sales in the retail sector remain about flat,
while the manufacturing and business services sectors continue
slow growth. Contacts report that their costs and prices are
increasing very moderately, if at all. Firms are generally not
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