San Francisco Full report Midsummer finds the Ninth District economy experiencing continued moderate growth.
Construction seems indefatigable.
Despite some slowing in residential construction, employment and overall activity for the sector continue to grow apace. Sales of autos and consumer goods are solid. Manufacturers describe strong output and do not report problems with inventories or with securing inputs. Oil and gas activity is very strong. Forest products firms in the eastern part of the district report steady output, but there has been noticeable slowing in Montana.