Dallas San Francisco Full report The long winter, high energy costs and spring floods have taken a toll on the Ninth District economy. Manufacturing, mining and agriculture activities are down.
Consumer spending is flat, and tourism and construction are growing at a slow rate.
However, the energy sector is expanding at a solid pace. Labor markets are loosening and wage increases are moderating. Overall, prices are mixed, with decreases noted for some construction materials and increases for energy and housing. Investment in buildings and machinery has slowed in most sectors during the past 12 months. Construction and Real Estate Commercial construction is mixed.