Economic activity in the Federal Reserve Bank’s St. Louis district continues to grow at a moderate pace, according to mid-year review of economic conditions in the region published in the Fed’s latest Beige Book.
While crop conditions in the district have deteriorated since the previous Beige Book report due to persistent severe weather in the Midwest, other areas of economy showed moderate growth. Employment, manufacturing and finance continued to improve at a steady pace.
The Fed’s St. Louis district includes eastern and central Missouri and all or part of six other states. The report reflects information collected through early July and published late last month.
Missouri Business Alert summarized the latest Beige Book in the following infographic (click the image to expand).