US economic sectors and Fed regional data. How the 11 GICS sectors and the 12 Federal Reserve districts are doing, now and over time.
This edition · released October 14, 2026
Energy and Industrials lead; Real Estate trails
Nine districts grew (two moderately) and three were flat; growth outside manufacturing was thin.
Nine of the 12 Federal Reserve districts were growing in the October 2026 Beige Book. Energy ranked first of the 11 sectors and Real Estate last.
Conditions index+0.23
Outlook index+0.52
Districts growing9/12
In this edition
Sector prospectsAll sectors →
| # | Sector | Score | Mom. |
|---|---|---|---|
| 1 | Energy XLE | +0.73 | +0.14 |
| 2 | Industrials XLI | +0.59 | +0.04 |
| 3 | Information Technology XLK | +0.44 | +0.42 |
| 4 | Materials XLB | +0.19 | +0.15 |
| 5 | Utilities XLU | +0.07 | −0.06 |
| 6 | Financials XLF | −0.05 | −0.37 |
| 7 | Communication Services XLC | −0.06 | −0.11 |
| 8 | Consumer Discretionary XLY | −0.10 | −0.20 |
| 9 | Consumer Staples XLP | −0.11 | +0.07 |
| 10 | Health Care XLV | −0.30 | −0.42 |
| 11 | Real Estate XLRE | −0.42 | −0.42 |
Macro backdrop
Overall Economic Activity+0.25
Labor Markets+0.25
Inflation Pressure+1.50
Credit & Rates−1.00
Outlook+0.25
Scored −2 to +2 from the National Summary. For inflation, higher is a headwind.