Story perspectives

Eleventh District Economy Grows Amid Retail Declines and Challenges

9/6/2025

Summary

Story summary

The Eleventh District's economy expanded modestly, driven by nonfinancial services and manufacturing, despite tariff and interest rate concerns.
Retail sales rose overall, but sectors like building materials and auto repair services experienced declines.
The housing market remains weak, with rising inventories and builders offering discounts amid low demand.
Nonprofits struggle to meet increased service demands due to rising costs and federal funding cuts.
Oil production forecasts are cautious, predicting flat production in 2025 and possible declines in 2026.

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Story summary

The Eleventh District's economy expanded modestly, driven by nonfinancial services and manufacturing, despite tariff and interest rate concerns.
Retail sales rose overall, but sectors like building materials and auto repair services experienced declines.
The housing market remains weak, with rising inventories and builders offering discounts amid low demand.
Nonprofits struggle to meet increased service demands due to rising costs and federal funding cuts.
Oil production forecasts are cautious, predicting flat production in 2025 and possible declines in 2026.