The latest edition of the U.S. Federal Reserve Board's periodic Beige Book, out this week, seemed almost up-beat in its assessment of business conditions since the bank's previous report in April. The report wasn't quite as rosy as that previous edition, but still showed widespread signs of economic health.

The market sectors of most interest to the electrical industry showed continuing growth, though the pace of expansion has moderated in some areas. There's still no love for residential construction, and non-residential construction is faring only a little better in most markets, but manufacturing is continuing to rise and even hire.

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Thank-you from the staff of Electrical Marketing.