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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56502)	11/28/2001 11:23:55 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Wednesday, 28 November, 2001, 19:56 GMT US slowdown bites into heartlands news.bbc.co.uk Economic conditions in most parts of America have continued to weaken, the US central bank has said in a much watched report. While some of the areas of the country have shown signs of economic recovery, most saw the slowdown deepen in October and early November, the Federal Reserve said in its latest monthly "beige book" report. In manufacturing, activity "weakened further in nearly all regions", with more than two thirds of districts reporting shrinking order books. And in the service sector, consumer spending remained below levels before the 11 September terror attacks, if showing some revival. Bright spots The report comes two days after an official panel of economists confirmed that the US had entered recession. And the Fed said that, overall, US economic activity was "soft" into mid-November. But bright spots included the motor sector, which saw sales rise to "exceptional levels" over the period.