Dallas San Francisco Full report The pace of economic activity is slowing in the First District but, for the most part, growth continues.
Retailers cite weaker results in the past few months than before the holiday season.
While a majority of contacted manufacturers report growth in sales or orders, they also cite signs of weakness. Both retailers and manufacturers say rising energy prices are raising costs, but they report very few increases in their own selling prices. Commercial real estate respondents say markets are strong but appear to be weakening. Retail All retail contacts report either negative or weak sales growth during the December through mid-February period, but the timing of the slowing differs. Sellers of consumer electronics, computers, furniture, and construction materials note sales declines during the months of November and December 2000.