Slower growth is reported in the Southwest and along the eastern seaboard except for New England.
The Midwest continues to show moderate to strong growth. Boston and San Francisco, two districts which had lagged much of the rest of the nation through the first half of the 1990s, indicate an improved performance. Although there are few indications of significant price increases for raw materials, goods or services, reports of upward pressure on wages are more widespread. Consumer Spending On balance, consumer spending is best characterized as moderate. There are some signs of strength, but no areas where sales are booming.