Beige Book: Region

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Consumer spending in the region was weak and is expecteds toremain soft, the closely watched survey said, but “ajn uptick in manufacturing orders helped stabiliz expectations for future production.” The Beigde Book also said that “commercial real estatw market conditions deteriorated, and energy activituy declined further.” Bankers, it said, “reported a rise in deposits and stabl loan demand with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower pace, with some firmds noting that higher commodity prices boosted materiall andfuel costs.
” Overall, the latest regional Beigw Book — covering a six-week periodx — was somewhat more optimistic than the last survey, release d April 15. The report covers the Fed’s Kansae City-based 10th District. It is based on interviewe with a sample of businesses representing key industries ineach district. The reportz are anecdotal and do notcontain statistics, but they are widelh followed and help the Fed to set national economic policy.
The Fed’s 10th District includees Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westerhn Missouri and northern New Formally known asthe “Summary of Commentaryg on Current Economic Conditions by Federap Reserve District,” the Beige Book is publisher eight times a year. The latesrt report covers late Aprilthrough May. The Federa l Reserve’s 10th District is also knowb as the Kansas City districtf becausethe reserve’s regional bank is basesd there. .