Sector prospects from the Fed’s regional reportsLatest: October 2026 edition · released Oct 14, 2026
EconomyxAIBeige Book Sector Monitor
Federal Reserve district · ATL

Atlanta

Grew modestly; residential real estate and energy moderate; manufacturing stable. (October 2026)

Overall read, every edition

−1.5−1.0−0.50+0.5+1.0+1.52000200420082012201620202024

By edition

EditionScoreOutlookIn brief
October 2026 +1.0 – Grew modestly; residential real estate and energy moderate; manufacturing stable.
August 2026 +1.0 – Grew modestly; CRE, manufacturing and energy grew moderately.
July 2026 +1.0 – Grew modestly; employment flat; real estate little changed.
May 2026 +1.0 – Economy expanded at a modest pace
April 2026 +1.0 – Grew modestly; energy demand robust.
February 2026 +1.0 0.0 Expanded at a modest to moderate pace.
January 2026 +1.0 +0.5 Grew slightly; retail and travel up modestly.
November 2025 0.0 – Little changed; energy demand grew moderately.
October 2025 0.0 – Unchanged; energy grew moderately, home sales declined.
August 2025 −1.0 −1.0 Declined slightly; manufacturing outlook deteriorated.
July 2025 0.0 – Little changed; consumer softened, tourism up modestly.
May 2025 +1.0 – Grew slightly; manufacturing fell, energy rose slowly.
April 2025 +1.0 – Grew slightly; retail and tourism fell, home sales rose.
February 2025 +1.0 – Expanded modestly; retail fell slightly, manufacturing up slightly.
January 2025 +1.0 – Expanded modestly; consumer and travel moderate, manufacturing declined.
November 2024 +0.5 +0.5 Grew.
October 2024 −0.5 0.0 Declined slightly.
August 2024 −0.5 0.0 Declined slightly.
July 2024 0.0 0.0 Relatively flat.
May 2024 +0.5 0.0 Grew slightly.
April 2024 +0.5 +0.5 Grew modestly.
February 2024 +0.5 +0.5 Little changed.
January 2024 +0.5 +0.5 Grew at a slow pace.
November 2023 +0.5 0.0 Grew at a tepid pace.
October 2023 +0.5 0.0 Grew slowly.
August 2023 +0.5 0.0 Grew modestly.
June 2023 +0.5 0.0 Grew slowly.
May 2023 +0.5 0.0 Grew at a slow pace.
April 2023 +0.5 0.0 Grew modestly.
February 2023 +0.5 0.0 Grew modestly.
January 2023 +0.5 0.0 Grew at a gradual pace.
November 2022 +0.5 0.0 Tepid growth.
October 2022 +0.5 0.0 Expanded slightly.
August 2022 +0.5 0.0 Expanded slightly.
July 2022 +0.5 0.0 Grew modestly.
May 2022 +0.5 0.0 Expanded at a modest pace.
April 2022 +1.0 +0.5 Expanded moderately.
February 2022 +1.0 +0.5 Expanded at a moderate pace.
January 2022 +1.0 +0.5 Expanded at a moderate pace.
November 2021 +1.0 +1.0 Grew at a moderate pace.
October 2021 +1.0 +0.5 Expanded moderately.
August 2021 +1.0 +1.0 Expanded moderately.
July 2021 +1.0 +1.0 Expanded at a moderate pace.
May 2021 +1.0 +1.0 Expanded at a moderate pace.
April 2021 +0.5 +1.0 Expanded modestly.
February 2021 +0.5 +0.5 Expanded modestly.
January 2021 +0.5 +0.5 Modest growth; housing strong.
November 2020 +0.5 +0.5 Expanded modestly.
October 2020 +0.5 +0.5 Improved slightly.
August 2020 0.0 +0.5 Mixed.
July 2020 −0.5 0.0 Remained weak.
May 2020 −1.5 −1.0 Continued to decline.
April 2020 −1.5 −1.5 Deteriorated.
February 2020 +0.5 +0.5 Grew modestly.
January 2020 +0.5 +0.5 Expanded at a modest pace.
November 2019 +0.5 +0.5 Improved modestly.
October 2019 +0.5 +0.5 Expanded modestly.
August 2019 −0.5 0.0 Softened slightly.
July 2019 +0.5 +0.5 Expanded at a modest pace.
May 2019 +0.5 +0.5 Continued at a modest pace.
April 2019 +0.5 +0.5 Improved at a modest pace.
February 2019 +1.0 +0.5 Moderate growth; tourism robust.
January 2019 +1.0 +0.5 Grew at a moderate pace.
November 2018 +1.0 +0.5 Expanded at a moderate pace.
October 2018 +1.0 +0.5 Expanded at a moderate pace.
August 2018 +1.0 +0.5 Expanded at a moderate pace.
July 2018 +0.5 +0.5 Expanded at a modest pace.
May 2018 +0.5 +0.5 Continued at a modest pace.
April 2018 +0.5 +0.5 Improved modestly.
February 2018 +0.5 +0.5 Continued to expand modestly.
January 2018 +0.5 +0.5 Improving at a modest pace.
November 2017 +0.5 +0.5 Modestly improving.
October 2017 +0.5 +0.5 Improving at a modest pace.
August 2017 +0.5 +0.5 Expanded at a modest pace.
June 2017 +0.5 +0.5 Expanded at a modest pace.
May 2017 +0.5 +1.0 Continued at a modest pace.
April 2017 +0.5 +0.5 Expanded at a modest pace.
February 2017 +0.5 +1.0 Expanded modestly.
January 2017 +0.5 +1.0 Expanded modestly.
November 2016 +0.5 +1.0 Modestly improving.
October 2016 +0.5 +1.0 Improving at a modest pace.
August 2016 +0.5 +1.0 Expanded at a modest pace.
July 2016 +0.2 +1.0 Expanded slightly.
May 2016 +0.5 +1.0 Continued at a modest pace.
April 2016 0.0 +0.5 Unchanged from previous report.
February 2016 +0.5 +1.0 Continued to improve modestly.
January 2016 +1.0 +1.0 Improving at a moderate pace.
November 2015 +0.5 +0.5 Modestly improving.
October 2015 +0.5 +0.5 Improving at a modest pace.
August 2015 +0.5 +1.0 Modestly improved.
July 2015 +1.0 +1.0 Expanded at a moderate pace.
May 2015 +0.5 +0.5 Remained steady.
April 2015 0.0 +1.0 Improve at a steady pace.
February 2015 +1.0 +1.0 Grow at a moderate pace.
January 2015 +1.0 +1.0 Continued to improve.
November 2014 +1.0 +1.0 Improving at a steady pace.
October 2014 +0.5 +0.5 Improving at a modest pace.
August 2014 +0.5 +1.0 Increased modestly.
July 2014 +0.5 +1.0 Expanded modestly.
May 2014 +0.5 +0.5 Improving modestly.
April 2014 +0.5 +1.0 Expanded at a modest pace.
February 2014 +0.5 +0.5 Expanding slowly.
January 2014 +1.0 +0.5 Improved moderately.
November 2013 +1.0 +0.5 Moderately increasing.
October 2013 +0.5 +0.5 Expanding slowly.
August 2013 +0.5 +0.5 Expanded at a modest pace.
July 2013 +0.5 0.0 Expanded at a modest pace.
May 2013 +0.5 +0.5 Improved modestly.
April 2013 +0.5 0.0 Advanced at a modest pace.
February 2013 +0.5 +0.5 Improved modestly.
January 2013 +1.0 +0.5 Expanded moderately.
November 2012 +0.5 0.0 Increasing marginally.
September 2012 +0.5 0.0 Expanding slowly.
August 2012 +0.5 0.0 Expanded at a modest pace.
July 2012 +0.5 0.0 Expanded at a modest pace.
May 2012 +1.0 +0.5 Continued to expand at a moderate pace.
April 2012 +1.0 +0.5 Expanded at a moderate pace.
February 2012 +1.0 +0.5 Expanded at a somewhat stronger pace.
December 2011 +0.5 +0.5 Expanded at a modest pace.
November 2011 +0.5 0.0 Retail weaker; autos up.
October 2011 +0.5 0.0 Expanded at a modest pace.
August 2011 0.0 −0.5 Expanded at a very subdued pace.
July 2011 0.0 +0.5 Little changed.
May 2011 +0.5 +0.5 Moderated somewhat.
April 2011 +0.5 +0.5 Advanced modestly.
February 2011 +0.5 +0.5 Continued to improve at a modest pace.
January 2011 +1.0 +0.5 Rose moderately.
November 2010 +0.5 +0.5 Rose modestly.
October 2010 0.0 +0.5 Remained slow.
August 2010 −0.5 −0.5 Pace continued to slow.
July 2010 0.0 −0.5 Pace slowed somewhat.
May 2010 +0.5 +0.5 Improved modestly.
April 2010 +0.5 +0.5 Improving.
February 2010 0.0 +0.5 Mixed picture.
January 2010 +0.5 +0.5 Improved; holiday sales better than expected.
November 2009 0.0 +0.5 Mixed; home sales above year-ago.
October 2009 −0.5 +0.5 Pulled back somewhat in September.
August 2009 0.0 +0.5 Signs of stabilization; clunkers boosted autos.
July 2009 −1.0 0.0 Generally weak; Florida home sales up.
June 2009 −1.0 +0.5 Contracting at moderated pace; outlook improved.
April 2009 −1.0 0.0 Remained weak; manufacturing outlook less pessimistic.
February 2009 −1.5 −1.5 Weakened further; commercial real estate 'decidedly more negative'.
January 2009 −1.5 −1.5 Weak; auto sales dismal.
November 2008 −1.5 −1.5 Weakened further; holiday expectations bleak.
October 2008 −1.5 −1.0 Weakened further; financing increasingly difficult.
August 2008 −1.0 −1.0 Weak levels of activity.
July 2008 −1.0 −1.0 Weakened; outlook subdued.
June 2008 −1.0 – Weak; tourism strong.
April 2008 −1.0 – Activity weakened in March and early April.
February 2008 0.0 – Economic activity subdued.
January 2008 0.0 0.0 Mixed picture.
November 2007 0.0 0.0 Mixed picture.
October 2007 0.0 0.0 Remained mixed.
August 2007 0.0 0.0 Remained mixed.
July 2007 0.0 0.0 Mixed picture.
June 2007 +0.5 +0.5 Expanded modestly.
April 2007 +0.5 +0.5 Expanded modestly.
February 2007 +0.5 +0.5 Expanded modestly.
January 2007 +0.5 +0.5 Expanded modestly.
November 2006 0.0 0.0 Mixed.
October 2006 0.0 0.0 Mixed.
August 2006 +0.5 +0.5 Mixed.
July 2006 0.0 0.0 Mixed.
June 2006 0.0 0.0 Mixed.
April 2006 +0.5 +0.5 Mostly positive.
March 2006 +1.0 +1.0 Upbeat.
January 2006 +1.0 +1.0 Expanded at a solid pace.
November 2005 +1.0 +1.0 Pace improved.
October 2005 −0.5 −0.5 Mixed; hurricanes severely disrupted activity.
August 2005 +1.0 +1.0 Quite strong but moderating.
July 2005 +1.0 +1.0 Solid growth.
June 2005 +1.0 +1.0 Solid.
April 2005 +1.5 +1.0 Robust.
February 2005 +1.0 +1.0 Remained quite positive.
January 2005 +1.0 +1.0 Pace increased.
November 2004 +1.0 +1.0 Pace increased.
October 2004 0.0 +0.5 Moderated, partly from hurricanes.
September 2004 +0.5 +0.5 Remained positive, some unevenness.
July 2004 +0.5 +0.5 Remained positive.
June 2004 +1.5 +1.0 Remained robust.
April 2004 +0.5 +1.0 Expanded at a moderate pace.
February 2004 +1.0 +1.0 Continued to expand.
January 2004 +0.5 +1.0 Remained favorable.
November 2003 0.0 +0.5 Stable.
October 2003 +0.5 +0.5 Continued to expand.
July 2003 0.0 +0.5 Mixed.
June 2003 0.0 +0.5 Remained subdued.
April 2003 −0.5 0.0 Remained sluggish.
February 2003 −0.5 −0.5 Remained lackluster.
January 2003 −0.5 0.0 Remained subdued.
November 2002 0.0 −0.5 Economy remained sluggish.
October 2002 0.0 0.0 Economy continued to display sluggishness.
September 2002 +1.0 0.0 Modest improvement in economic activity.
July 2002 0.0 +0.5 Economic activity remained sluggish.
June 2002 0.0 0.0 Economic activity was sluggish in late May.
April 2002 +1.0 +0.5 Conditions in most sectors continued to improve.
February 2002 +1.0 +0.5 Improved conditions in many sectors; cautious optimism.
January 2002 0.0 – Conditions mixed; housing solid, commercial weak.
November 2001 −1.0 −0.5 Conditions weak despite record auto sales and resilient housing.
October 2001 −1.0 −0.5 Significantly affected by attacks; sluggish pace expected.
September 2001 0.0 −0.5 Sluggish growth in late summer.
July 2001 0.0 −0.5 Activity was sluggish.
June 2001 0.0 0.0 Remained sluggish.
April 2001 0.0 0.0 Pace remained subdued.
February 2001 0.0 +0.5 Only tepid growth.
January 2001 +1.0 −0.5 Expanded modestly amid deceleration.
November 2000 +1.0 −0.5 Moderate rate, matching slower pace.
October 2000 +1.0 −0.5 Growth continues to moderate.
September 2000 +1.0 – Growth has continued to ease.
July 2000 +1.0 +0.5 Eased slightly; outlook upbeat.
June 2000 +1.0 +0.5 Expanded moderately.
April 2000 +1.0 +0.5 Expanded moderately in early spring.
February 2000 +1.0 +0.5 Expanding at a robust pace.
January 2000 +1.0 0.0 Continues to expand at a moderate pace.
November 1999 +1.0 0.0 Continues to expand at a moderate pace.
October 1999 0.0 +0.5 Mixed growth; outlook mostly upbeat.
September 1999 +1.0 +0.5 Very high level, moderate expansion.
August 1999 +1.0 +0.5 Moderate growth; outlook positive.
June 1999 +1.0 +0.5 Moderate growth continues.
April 1999 +1.0 −0.5 Grows moderately; outlooks less upbeat.
March 1999 +1.0 +0.5 Moderate growth into late winter.
January 1999 +1.0 +0.5 Healthy and balanced expansion.
November 1998 0.0 +0.5 Weakened again slightly; outlook positive.
October 1998 0.0 +0.5 Activity weakened slightly; outlook positive.
September 1998 +1.0 −0.5 Modest expansion, weaker outlook.
July 1998 +1.0 +1.0 Growth remained steady; outlook positive.
June 1998 +1.0 +1.0 Pushing ahead at a stable pace; outlook upbeat.
April 1998 +1.0 +0.5 Continues to expand at a moderate pace.
March 1998 +1.0 +0.5 Continues to expand at a moderate pace.
January 1998 +1.0 +0.5 Continued to expand moderately through year-end.
November 1997 +1.0 +0.5 Expanding moderately; tourism strong.
October 1997 +1.0 +0.5 Moderate growth; holiday and tourism outlook bright.
September 1997 +1.0 +0.5 Growth remains moderate.
July 1997 +1.0 +0.5 Growth remains moderate; Louisiana oil boom.
June 1997 0.0 0.0 Mostly slower growth; manufacturing weakening.
April 1997 +1.0 +0.5 Expanding moderately; tourism outlook positive.
March 1997 +1.0 0.0 Expanding moderately; cautious on spring sales.
January 1997 +1.0 +0.5 Growing at a moderate pace; tourism strong.