US reports weak economic activity

US - Economic activity was weak across the US in September and the first half of October, as the effects of last month's terrorist attacks compounded the slowdown already in place before 11 September, the Federal Reserve said yesterday, Wednesday.

In its Beige Book, an anecdotal but influential summary of economic conditions compiled every six weeks or so by the central bank's 12 districts, the Fed said spending and output dropped sharply in the week after the disasters in New York, Washington