Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate. The Richmond, Atlanta, and Dallas Districts reported major disruptions from Hurricanes Harvey and Irma in some areas and sectors, including transportation, energy, and agriculture.
Manufacturing activity and nonfinancial services expanded modestly to moderately in most districts. Based on an unusually low number of respondents this round, 60% of manufacturing firms reported higher sales in line with expectations. All responding firms reported a positive outlook with only small revisions from previous rounds.