5. EDSR 09-11-2006 - Laserfiche WebLink

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to increase in 2006, and most plan to pass those increases on to their customers in the form of higher selling prices. Real Estate Housing markets will likely cool somewhat during 2006, but will likely not go into a deep freeze. Commercial real estate and construction activity are showing signs of strengthening, Manufacturing The manufacturing sector is expected to be solid in 2006. Manufacturers expect robust gains in sales and plan to add employees and increase investment in plant and equipment. Agriculture The district agricultural sector saw increases in total production of corn, soybeans and wheat in 2005. The preliminary outlook for growing conditions in 2006 is positive. District farmers and ranchers received decent prices for commodities in 2005 and expect solid prices for 2006. However, there is a deep concern over the increases in input costs, especially fertilizer and fuel. Larger revenues are expected in 2006, but profits may be suppressed by higher costs. Articles to be published in the January 2006 fedgazette: District economic expansion to continue in 2006 District business leaders expect modest overall growth in 2006 Manufacturing On the up and uo Despite large harvest, ao lenders worry The forecast in detail, including state-by-state forecasts: Ninth District Economic Forecast As one of the 12 Federal Reserve Banks, the Federal Reserve Bank of Minneapolis contributes to a variety of Federal Reserve System functions, including operation of a nationwide payments system, distribution of the nation's currency and coin, supervision and regulation of member banks and bank holding companies, and serving as a fiscal agent for the U.S. Treasury. Additionally, the president of Minneapolis Fed serves as a member of the Federal Open Market Committee, the monetary policymaking arm of the Federal Reserve's Board of Governors. Together with its branch in Helena, Mont., the Minneapolis Fed serves the Ninth Federal Reserve District, which includes Minnesota, Montana, North and South Dakota, 26 counties in northwestern Wisconsin and the Upper Peninsula of Michigan. c;5