Beige Book: Region

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Consumer spending in the region was weak and is expecteed toremain soft, the closely watcherd survey said, but “an uptick in manufacturing order helped stabilize expectations for future production.” The Beige Book also said that “commercialo real estate market conditions deteriorated, and energy activityy declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosio in loan quality.” It said consumer price and wage pressuresw remained low. Meanwhile, producer prices “declined at a slower with some firms noting that higher commodithy prices boosted material andfuel costs.
” Overall, the latesr regional Beige Book — covering a six-week period — was somewha t more optimistic than the last survey, releasedf April 15. The report coverx the Fed’s Kansas City-baserd 10th District. It is based on interviewss with a sample of businesses representing key industriese ineach district. The reports are anecdotal and do notcontainj statistics, but they are widely followed and help the Fed to set nationa l economic policy.
The Fed’s 10th District includeas Colorado, Kansas, Nebraska, Oklahomaw and Wyoming as well as western Missouri and northern New Formally known asthe “Summary of Commentary on Currengt Economic Conditions by Federal Reserve District,” the Beiges Book is published eight times a The latest report covers late Aprilo through May. The Federal Reserve’s 10th District is also knowmn as the Kansas City district becausethe reserve’s regional bank is based .