An uptick in activity across a broad range of industries helped pump more momentum into the regional economy over the past six weeks, building on the stronger economic growth of the prior month and a half, the Federal Reserve Bank of Dallas said Wednesday.
In its Beige Book, released every six weeks, the Dallas Fed said economic activity across its region “expanded at a stronger pace” since its last report in April. In that prior report, the bank had said the regional economy had picked up at a “slightly faster pace”—the first time it had used any term other than “modest” to describe the area’s economic growth since June 2011.
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