US economic recovery continues but varies by industry and region FRB October 22, 10:24

The US Federal Reserve Board of Governors has released its latest economic report, stating that while the US economy continues to recover from the downturn caused by the new coronavirus, the degree remains variable by industry and region.

On the 21st, the Fed released the latest economic report called the "Beige Book" compiled by the 12 regional Feds across the United States.



In this, he said, "Although the economy is improving in all regions, the degree of recovery varies greatly depending on the industry."



Of these, the manufacturing industry said that new orders and production increased significantly in Midwestern Missouri, and the retail industry saw an increase in consumption as the state government resumed economic activities in southern Florida and other states. It is expected.



On the other hand, industries such as entertainment have been slow to recover, and movie theaters continue to close in eastern New York. Introducing the voices of management's concerns that it will become more severe.



Although the U.S. economy continues to recover from the decline caused by the new coronavirus, the degree of this is still variable depending on the type of industry and region, and the presidential election on the 3rd of next month will focus on how such feelings of life affect voting behavior. It is believed to be one.