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Antipodeans Extend Gains

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**MNI: 5 Things We Learned From The Beige Book>

By Holly Stokes and Jean Yung
     WASHINGTON (MNI) - The following are the key points from the 
Beige Book compiled by the St Louis Fed through Nov 17: 
     -11 districts saw economies expand at a modest to moderate 
pace, with Chicago reporting a slight increase. 
     -Construction material costs, freight transportation costs rose in 
most regions, attributed to hurricane recovery efforts. 
     -Price pressures strengthened as selling prices grew modestly to 
moderately and non-labor input costs increased moderately. Increases 
seen in manufacturing and transportation prices passed through to 
     -Employment growth increased modestly to moderately, amidst tight 
labor market. Wage growth remained modest to moderate, but many 
districts reported employers raising wages and nonwage benefits to 
attract employees. 
     -Manufacturing activity expanded in all regions. Demand for goods 
robust. Some firms reported capital expenditure, investment plans. 
Outlook is optimistic for 2018. 
     ** MNI Washington Bureau: 202-371-2121 ** 

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