Federal Reserve Bank of Philadelphia Issues Beige Book on April 23, 2025
May 03, 2025
May 03, 2025
WASHINGTON, May 3 -- The Federal Reserve Bank of Philadelphia issued the following Beige Book on April 23, 2025:
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Summary of Economic Activity
Business activity in the Third District declined modestly after falling slightly in the prior period. Nonmanufacturing activity decreased moderately after a slight decline last period. Nonauto retailers reported little change to a slight decline, with discounts helping to keep customer traffic steady. Auto deale . . .
* * *
Summary of Economic Activity
Business activity in the Third District declined modestly after falling slightly in the prior period. Nonmanufacturing activity decreased moderately after a slight decline last period. Nonauto retailers reported little change to a slight decline, with discounts helping to keep customer traffic steady. Auto deale . . .