The economy "has continued to grow modestly" in the United States at the end of 2010, as the beige book for the U.S. central bank (Fed), economic reports issued every six weeks. This assertion is somewhat more positive than what the Fed wrote in its previous report, where it noted that the economy continued to "improve, overall." At the end of the year the economy grew in all regions of the country, says the Fed.The Beige Book is made on the basis of information supplied by the twelve regional branches of the Federal Reserve, according to their field observations and contacts with the business world. The manufacturing sector continued to recover throughout the report said, noting that retail sales in the holiday season this year appeared higher than in 2009 and "in some cases, higher than expected." The fiscal deficit of the United States has also declined in December after its sharp rise the previous month, the Treasury said Wednesday in Washington.
The federal government budget showed a deficit for the twenty-seventh consecutive month, and it amounted to 79.996 billion dollars, or 12% more than in December 2009, show the monthly figures Treasury on public accounts. The decline in a month is consistent with the median forecast of analysts.
It was driven by an increase of 8% of state revenue (236.875 billion U.S. dollars), whose beneficial effects have been hampered by a 2% increase in expenditure (316.872 billion U.S. dollars). December is traditionally a month of the U.S. deficit. The previous month, the hole was dug public finances 25% yoy and reached a record for the month of November.
In the first three months of the fiscal year (which began October 1), the deficit of the United States fell 4% year on year, to $ 370.822 billion dollars.
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