Dallas San Francisco Full report The Eighth District economy continues to grow at a steady pace. District retailers report that sales were up about 4 percent in September and October over one year ago, and most are expecting a strong holiday season. Auto sales were mixed over the same two-month period, but most contacts expect a pickup through year s end. Most other contacts report continued growth in their industries, although some have noted a slowing in this growth.
Labor markets remain tight around the District.
Materials prices are generally stable to up slightly. Real estate markets are strong in most parts of the District. Loan demand, particularly for business loans, remains relatively strong. Farmers appear to have had a good crop year, with prices and yields generally above average. Consumer Spending Retail contacts report that September and October sales were up about 4 percent from one year ago.