Dallas San Francisco Full report Economic growth in the Ninth District is weakening. Manufacturing levels and mining production are decreasing.
Consumer spending is flat, and housing construction and agriculture continue to grow at a slow rate.
Labor markets are still tight, although several layoffs were announced. Wages are increasing at a moderate pace. Overall price increases are moderate, but significant increases are noted for energy, residential rents, health care and package delivery. Construction and Real Estate Construction continues to grow at a moderate pace. Building contracts awarded in the Dakotas and Minnesota increased 13 percent for the three-month period ending in November compared with the same period last year.