Oct 2005 Financial News

US Economic activity good across country

Oct 21, 2005

WASHINGTON - Many parts of the country managed to log decent economic activity in September and early October even amid the soaring energy prices and other repercussions from hurricanes Katrina and Rita.

The Federal Reserve’s survey released Wednesday provided the latest snapshot of business conditions nationwide in the aftermath of Katrina, the most costly natural disaster in U.S. history, and Rita.

“Economic activity continued to expand ... Most districts described the pace of activity as moderate or gradual,” according to the Fed survey.

The Fed’s survey is based on information collected before Oct. 11 and supplied from its 12 regional banks.

Friday, 21st October, 2005.
http://www.msnbc.msn.com/id/9753034/