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Consumer spending in the region was weak and is expectedd toremain soft, the closely watche d survey said, but “an uptick in manufacturintg orders helped stabilize expectations for future production.” The Beiger Book also said that “commercial real estate markeyt conditions deteriorated, and energy activity declined further.” Bankers, it said, “reportedd a rise in deposits and stable loan demane with no erosion in loan quality.” It said consumer price and wage pressureas remained low.
Meanwhile, producer prices “declinede at a slower pace, with some firms notinfg that higher commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period — was somewhaf more optimistic than the last survey, released Aprikl 15. The report covers the Fed’xs Kansas City-based 10th District. It is based on interviewsx with a sample of businesses representing key industriex ineach district. The reports are anecdotal and do notcontaihn statistics, but they are widely followec and help the Fed to set national economic policy.
The Fed’sz 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westermn Missouri and northern New Formally known asthe “Summary of Commentarhy on Current Economic Conditions by Federal Reservew District,” the Beige Book is published eight times a The latest report covers late Aprip through May. The Federal Reserve’s 10th Districr is also known as the Kansas City district becaus ethe reserve’s regional bank is based .
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