Beige Book: Economic activity maintained a slight to modest pace ...Middle East

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Beige Book: Economic activity maintained a slight to modest pace
Overall Economic ActivityEconomic activity maintained a slight to modest pace of growth in a majority of DistrictsSeven Districts reported some increase in activity, while five noted flat or declining activityPreviously two noted no change in activityLabor MarketsEmployment rose at a slight pace in most DistrictsMore mentions of flat or declining employmentSeveral Districts noted a slowing of wage growth due to increased worker availability and less competition for workers​Wage growth continued at a modest to moderate paceConsumer SpendingConsumer spending was little changed overall.Auto sales varied across Districts, with some noting lower sales due to a cyberattack on dealerships and high

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