Aggregate business activity is increasing at a very modest pace
Slight increases in wages, home price and general price levels
Retail – Nonauto Retail and
Construction ： Residential real estate
Nonresidential real estate
Market economy improves at a modest rate, but the labor market reveals at a different pace ， both temporary and permanent positions are requested to increase to fit market demand.
Service and manufacturing industries ：
Retail, real estate and construction ：
The commercial and residential real estate
residential real estate estate nonresidential real
nonauto retail and auto retail ：
Interest Rate Sensitive Sectors
Real estate and construction
Manufacturing ：（ Strong ） Except for paper p
roducts, most products reported overall increase s in shipments and orders
Real estate and construction （ Not good ） Sal es have fallen in most major markets and fewer people are qualifying for mortgages
Retail ： (Not good) Malls and restaurants per
formed bad in the second quarter, but did bett er in the third quarter. The auto retail perform ed better due to the low interest rate.
Finance : (Weak) Low levels of demand for ne
w mortgages, and negligible demand for refin ancing loans.
Over all the sectors in the third district, manufa cturing, real estate and construction, retail an d finance, little change to the steady,