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A healthy Tenth District economy

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  • Tim R. Smith

Abstract

The Tenth District economy continued to expand at a healthy pace during 1994. A rebound in the region's manufacturing sector joined forces with a booming construction sector and steady growth in services to boost economic growth in the region. While the strength in the district economy was spread across most sectors, mining remained relatively flat and agriculture was weaker.> Smith reviews the district's economic performance in 1994 and explores the outlook for 1995. In the year ahead, the district economy will probably slow somewhat as the national economy slows. District manufacturing may continue to improve, but construction is expected to slow from its recent vigorous pace. The region's key natural resource industries--agriculture and energy--are unlikely to bring much new economic activity to the region in the year ahead. Overall, the district economy is expected to grow moderately in 1995.

Suggested Citation

  • Tim R. Smith, 1995. "A healthy Tenth District economy," Economic Review, Federal Reserve Bank of Kansas City, vol. 80(Q I), pages 49-61.
    • Handle: RePEc:fip:fedker:y:1995:i:qi:p:49-61:n:v.80no.1
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    Keywords

    Federal Reserve District; 10th;

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