While U.S. economic activity increased in almost all Federal Reserve districts in recent weeks, the central bank's Beige Book noted activity remained well below where it was prior to the COVID-19 pandemic.
The Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts, indicated the recent increase in economic activity came as consumer spending picked up as many non-essential businesses were allowed to reopen.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.