Federal Reserve Bank of Philadelphia Issues Beige Book on July 15, 2025
July 30, 2025
July 30, 2025
WASHINGTON, July 30 -- The Federal Reserve Bank of Philadelphia issued the following Beige Book on July 15, 2025:
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Summary of Economic Activity
On balance, business activity in the Third District continued to decline modestly. Nonmanufacturing activity again declined moderately. Nonauto retailers and auto dealers continued to report a slight decline in activity, with consumers looking for ways to slow their spending. Manufacturing activity edged up sli . . .
* * *
Summary of Economic Activity
On balance, business activity in the Third District continued to decline modestly. Nonmanufacturing activity again declined moderately. Nonauto retailers and auto dealers continued to report a slight decline in activity, with consumers looking for ways to slow their spending. Manufacturing activity edged up sli . . .