Beige Book finds signs of life in North Carolina’s economy
July 6, 2009
By MoneyAisle
The Triangle Business Journal states that according to the Beige Book, a report of business conditions put together by the 12 district banks of the Federal Reserve, “economic activity in the region that includes North Carolina is starting to show some encouraging signs.”
The promising signs in the state include a small rise in home sales, as well as a growth in purchase loans.
However, some negatives include higher vacancy rates in such commercial real estate markets as Raleigh. Additionally retail revenue, particularly for larger and more expensive items, has been declining.