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Home » Publications » Academic journals » Economics journals » EconSouth » June 2011 »
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    "Regional Update: Regional Economy Continues to Recover." EconSouth. Federal Reserve Bank of Atlanta. 2011. HighBeam Research. 20 Apr. 2018 <https://www.highbeam.com>.

    Chicago

    "Regional Update: Regional Economy Continues to Recover." EconSouth. 2011. HighBeam Research. (April 20, 2018). https://www.highbeam.com/doc/1G1-262886901.html

    APA

    "Regional Update: Regional Economy Continues to Recover." EconSouth. Federal Reserve Bank of Atlanta. 2011. Retrieved April 20, 2018 from HighBeam Research: https://www.highbeam.com/doc/1G1-262886901.html

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Regional Update: Regional Economy Continues to Recover

EconSouth
EconSouth

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June 22, 2011 | Copyright
Copyright Federal Reserve Bank of Atlanta. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights or concerns about this content should be directed to Customer Service.
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    <a href="https://www.highbeam.com/doc/1G1-262886901.html" title="Regional Update: Regional Economy Continues to Recover | HighBeam Research">Regional Update: Regional Economy Continues to Recover</a>

Southeastern business contacts described economic activity as advancing modestly in the first quarter of the year. A majority of business contacts maintain a positive outlook regarding future economic activity. Contacts continued to express concern over the impact of higher energy costs on consumer confidence and spending.

Businesses express cautious optimism

Most regional merchants reported that retail activity improved in the first quarter. Sales tax data also reflect positive growth in consumer activity--sales tax revenues are up 6 percent year over year for the combined states of the region. The outlook among retail contacts in the Southeast remains optimistic. However, the rising cost of gasoline and its potential effect on consumer confidence and spending were a source of concern. Automobile dealers described robust sales growth and a strong demand outlook. A few contacts noted that an improvement in consumers' access to credit contributed to the increase in sales.

The region is also benefiting from renewed business and leisure travel. Hotel occupancy rates rose on a year-over-year basis in several of the Southeast's major markets, and convention bookings were also improving. …


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