In the Upper Midwest

A summary of the Federal Reserve's survey of regional economic conditions in the Minneapolis district for the seven weeks ended Feb. 25:

The economy appears to have contracted slightly since the last report. Decreased activity was noted in residential construction and real estate, and consumer spending softened. Mixed activity was noted in services, manufacturing and commercial real estate, while commercial construction was flat. Growth was noted in tourism, energy, mining and agriculture. Overall, labor markets loosened, while wage increases were moderate. Significant price increases were noted for steel, plastics, fertilizer and energy.

Source: Federal Reserve Bank of Minneapolis