+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

3 Parts Of The Economy Are Seeing 'Record' Growth

Sep 6, 2013, 15:11 IST

REUTERS/Enrique Marcarian The latest Beige Book info shows the economy is still growing at a moderate pace.

Advertisement

But at least three areas of the economy are seeing record growth.

Literally.

Eastern seaboard tourism (though some parts hit by Sandy remain slow), via the Philly Fed:

After a slow start to the summer, traffic counts, bookings, and boardwalk sales at shore destinations in Delaware and southern New Jersey picked up to a modest pace. A Delaware hotel group reported that its properties matched or exceeded last year's record; another hotel reported that July was its best month ever. >However, those parts of central New Jersey hardest hit by Hurricane Sandy continued to struggle, with low numbers of returning summer residents and tourists.

Advertisement

Farming, via the KC Fed:

Demand for farm operating loans strengthened with high input costs and reduced farm income. Despite weaker farm income prospects, farmland values continued to set records, with demand for farmland driven in part by high levels of wealth in the farm sector.

And finally, health care and engineering, via the Dallas Fed:

Staffing firms' reports were mixed, with one contact reporting near-record levels of direct hiring, especially in engineering and health care, and other contacts reporting declines in hiring in manufacturing and logistics. Outlooks were also mixed.

If you're looking for growth opportunities, here they are.

Advertisement
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article