Studley April 2014: “Mild to Moderate Pace” for Commercial Leasing Activity

From Studley:

The Beige Book report, the Federal Reserve’s description of current economic conditions in each of its 12 Districts, revealed that economic activity continued to expand across most regions and sectors. Based on comments received from businesses and other external contacts from late-February through the first week in April, the report cited only two regions (Cleveland and St. Louis) as having experienced a decline in economic activity; March’s release, in contrast, noted a softening in growth across three Districts.

Not surprisingly, many Districts attributed a portion of the expansion in activity to the improvement in weather: “Consumer spending increased in most Districts, as weather conditions improved and foot traffic returned,” while “manufacturing improved in most Districts [as] several Districts reported that the impact of winter weather was less severe than earlier this year.”

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