The latest Federal Reserve Beige Book report is out and on the Web this week. The report is a compilation of conditions across all 12 Federal Reserve Districts in the U.S.
 
Here’s the overview:
 
Consumer spending decreased in most Districts, with declines reported in retailing, auto sales and tourism. Nearly all Districts commenting on nonfinancial service industries noted reduced activity. Manufacturing slowed in most Districts. Residential real estate markets remained weak, and commercial real estate activity slowed in many Districts. Credit conditions were characterized as being tight across the 12 Districts, with several reporting reduced credit availability for both financial and nonfinancial institutions. District reports on agriculture and natural resources …