Economy grows, but snowstorms bite into some areas

The economy is growing even though harsh snowstorms crimped activity in some parts of the country.

A new survey by the Federal Reserve also showed that the recovery is managing to plod ahead but not at a strong enough pace to persuade companies to ramp up hiring.

The Fed says that “economic conditions continued to expand … although severe snowstorms in early February held back activity” in some places.

Of the Fed’s 12 regions surveyed, the Richmond district, which includes Maryland, Virginia and the Carolinas, was hurt the most by the bad winter. That region reported economic activity had “slackened or remained soft across most sectors” because of the
weather.

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