Beige Book: Region

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Consumer spending in the region was weak and is expectef toremain soft, the closely watched surveh said, but “an uptick in manufacturingh orders helped stabilize expectations for future The Beige Book also said that “commercial real estatee market conditions deteriorated, and energy activity declined Bankers, it said, “reportef a rise in deposits and stable loan demand with no erosio n in loan quality.” It said consumer price and wage pressures remained low.
Meanwhile, producer pricees “declined at a slower pace, with some firmes noting that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book — covering a six-weei period — was somewhat more optimisticc than the last survey, released April 15. The reportg covers the Fed’s Kansas City-based 10th District. It is basedr on interviews with a sample of businesses representing key industrie ineach district. The reports are anecdotal and do notcontaim statistics, but they are widely followecd and help the Fed to set nationa economic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahomas and Wyoming as well as western Missourji and northernNew Mexico. Formally knowmn as the “Summary of Commentaru on Current Economic Conditions by Federal Reserve the Beige Book is published eight timesa year. The latest report covers late Apriolthrough May. The Federal Reserve’s 10th District is also knowj as the Kansas City districrt becausethe reserve’s regional bank is basedx there. .