Fed: Economy in Louisville region remains weak - Business First of Louisville:

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Retail sales in April and the first half of May were down acrossathe district, on average, from their year-earlier levels, with about 56 percentf of retailers surveyed reporting decreases and 40 percent seeiny increases. Year-to-date home sales through April were down 26 percentr in Louisville when compares with the same periodin 2008. Single-family residential buildingg permits declined by 46 percenf over the same period ayear earlier. First-quartere 2009 industrial vacancy ratews held steady in theLouisville area, as did suburban office vacanc y rates. Commercial-construction contacts throughoutthe St.
Louid district reported that credit conditions are stiflinghnew projects, and industrial-construction contacts reported that the effectes of the recession are just now hitting home, as backlogsx have dried up and more projectws are being put on hold.