economy

Beige Book: 2012 outlook cloudy

Posted 11/1/11

BOSTON – The Federal Reserve Bank of Boston said that its contacts report year-over-year increases but an “uncertain outlook” in its Nov. 30 Beige Book.

First District retailers cited mixed results and increased optimism about 2012; software and IT services continued to see solid demand growth; and staffing firms said results were mixed, but mostly positive.

Nevertheless, those in the manufacturing sector said the outlook for 2012 is “very cloudy” and “virtually all of our manufacturing contacts express misgivings.” When trying to pinpoint the misgivings, some contacts pointed to the crisis in Europe but others simply expressed vague fears, as they have done over the past 18 months.

Several manufacturing firms also cited trouble finding qualified staff – especially for technical positions.

On the commercial real estate front, leasing demand “tapered off” in Providence recently but suburban Rhode Island experienced a modest uptick, the feds said.

Calendar
PBN Hosted
Events

Join PBN and two panels of successful female executives, business owners and entrepreneurs as we delve into what women should do to advance their careers, and become leaders in the corporate world and their own enterprises.
  • Book of Lists Party
    Save the date - January 15, 2015 for PBN's Book of Lists Party at the Providence ...
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement