While economic activity remains low, modest improvements have been reported, and those improvements are broader geographically than seen in the previous “beige book,” according to the latest one that was released by the Federal Reserve yesterday.

“Ten districts reported some increased activity or improvement in conditions, while the remaining two — Philadelphia and Richmond — reported mixed conditions,” the beige book said. In the prior report, eight districts noted increased activity or improving conditions and four saw little change and-or mixed conditions.

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