After previously describing U.S. economic growth as modest, the Federal Reserve's latest Beige Book said economic activity has been "about flat or up slightly" since mid-October.
The Beige Book, a compilation of anecdotal evidence on economic conditions in each of the twelve Fed districts, said five districts reported slight or modest gains in activity, while the rest experienced either no change or slight-to-modest declines.
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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.