Economy Slowed from Weak Summer Factory Activity
The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest.
A survey the Federal Reserve released Wednesday found the slower growth spreading to more regions of the country.
Of the 12 regions tracked by the Fed, economic activity was mixed or slowed in five - New York, Philadelphia, Richmond, Atlanta and Chicago. Activity elsewhere was described as modest or pointed to positive developments.
Most of these cities dont have a stong economy which has lead to low production of goods and services within the cities economy.
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