In its most optimistic report on the U.S. economy in a year, the Federal Reserve said Wednesday that there are signs of accelerating economic growth across the country.

Reports from the 12 Fed districts found “additional signs that the pace of economic activity increased a notch during June and the first half of July,” according to a survey of economic conditions known as the Beige Book.

A majority the Fed districts — or 8 of the 12 regions — reported “somewhat stronger growth” in the period since mid-June.

Only the Chicago, St. Louis, and San Francisco districts characterized economic activity as sluggish.

The Fed reported that manufacturing activity edged higher in most districts, and Philadelphia and Richmond cited an end to the recent declines in production. But, “Despite the stronger tone, prices of manufactured products remained soft.”

One negative note in the report was the finding that consumer spending “remained lackluster.” The report noted that capital spending isn’t ramping up yet, either.

Prices were little changed; there were no signs of inflation in the survey. There was no discussion of deflation

The districts’ reports also suggested that activity in the services and energy sectors grew somewhat faster in recent weeks.