By  on September 4, 2008

WASHINGTON — Economic growth in the U.S. continued to decline, as most retailers reported weakening conditions over the last month, the Federal Reserve Board said Wednesday in its Beige Book report.

Most of the districts tracked in the anecdotal report said business conditions were “weak, soft or subdued” and consumer purchasing was slow. According to the businesses interviewed, “purchasing concentrated on necessary items and retrenchment in spending.”

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