US: Activity expanding at a slightly better pace - TDS

TD Securities analysts point out that for the US economy, anecdotal evidence from the Federal Reserve's Beige Book suggests activity expanded at a slightly better pace in late March and early April as a few districts reported a strengthening in growth conditions, while the rest reported a similar slight-to-moderate growth outlook as in the previous report.

Key Quotes

“Evidence on consumer spending was mixed (more downbeat for retailers and auto dealers), while the outlook for tourism was more supportive. Notably, manufacturing activity and home sales appeared to have strengthened during the period.”