Recent data - though sketchy and tentative - and anecdotal accounts indicate that economic activity weakened in the last months of 1995. The final numbers are expected to put growth for all of last year at approximately 1.8%. Nevertheless, contributing factors, including severe weather and the federal government shut down, generally seem isolated or transitory.
Suggested citation: “Economic Activity,” Federal Reserve Bank of Cleveland, Economic Trends, no. 96-02, pp. 08-09, 02.01.1996.