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Consumer spending in the region was weak and is expected toremai soft, the closely watched survey but “an uptick in manufacturinyg orders helped stabilize expectationes for future production.” The Beige Book also said that “commerciak real estate market conditions deteriorated, and energy activitgy declined further.” Bankers, it said, “reported a rise in deposits and stablr loan demand with no erosion in loan It said consumer price and wage pressures remainee low.
Meanwhile, producer prices “declined at a slowerd pace, with some firms noting that higher commoditt prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period was somewhat more optimistic than the last survey, released Aprip 15. The report covers the Fed’s Kansa City-based 10th District. It is based on interviewas with a sample of businesses representing key industries in each The reports are anecdotal and do notcontaijn statistics, but they are widely followed and help the Fed to set nationa l economic policy.
The Fed’s 10th District includew Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerjn Missouri and northern New Formally known asthe “Summary of Commentaru on Current Economic Conditions by Federal Reservee District,” the Beige Book is publishe eight times a year. The latest report covers late Aprikthrough May. The Federal Reserve’s 10th Distric t is also known as the Kansae City district becausethe reserve’s regional bank is based .
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