Twelfth District Beige Book
The SF Fed regularly gathers regional information from across the western United States for the Beige Book, formally known as the Summary of Commentary on Current Economic Conditions. The Beige Book collects anecdotal information on regional economic conditions from Bank and Branch directors, business contacts, economists, and other sources, summarized by District and sector. Along with economic data and analysis, the Beige Book helps Fed economists and staff identify emerging trends in the economy. The SF Fed serves nine states and territories in the 12th Federal Reserve District, the largest and most diverse District in the Federal Reserve System. Read the SF Fed’s contributions below.
-
Twelfth District Beige Book: November 2024
Economic activity in the Twelfth District was stable on balance during the October to mid-November reporting period. Employment levels were largely unchanged, and employee turnover was stable in recent weeks. Wages and prices increased slightly overall. Retail sales and activity in the consumer and business services sectors held steady over the reporting period. Activity in the manufacturing sector increased a bit, while conditions in the agriculture and resource-related sectors softened slightly. Residential real estate conditions improved somewhat, and commercial real estate conditions were varied but stable. Activity in the financial services sector ticked up in recent weeks. Demand for assistance with affordable housing, health-care services, and food remained high from communities across the District. Looking ahead, contacts overall expressed slightly more optimism about economic conditions.