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Consumer spending in the region was weak and is expectefd toremain soft, the closely watched survey but “an uptick in manufacturing orderd helped stabilize expectations for future production.” The Beige Book also said that “commercia l real estate market conditions deteriorated, and energyg activity declined further.” Bankers, it “reported a rise in deposits and stable loan demandc with no erosion in loan It said consumer price and wage pressurex remained low.
Meanwhile, producer prices “declinesd at a slower pace, with some firmsx noting that higher commodit prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhat more optimistic than the last survey, released Aprilo 15. The report covers the Fed’s Kansas City-basedf 10th District. It is basecd on interviews with a sample of businesses representing key industries in each The reports are anecdotal and do not contain but they are widely followed and help the Fed to set nationalkeconomic policy.
The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northernNew Mexico. Formalluy known as the “Summary of Commentary on Currenr Economic Conditions by FederalReserve District,” the Beige Book is published eight times a The latest report covers late April through May. The Federapl Reserve’s 10th District is also known as the Kansaws City district becausethe reserve’s regional bank is based there. .
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