Beige Book: Region

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Consumer spending in the region was weak and is expectec toremain soft, the closely watched surve y said, but “an uptick in manufacturing order s helped stabilize expectations for futurw production.” The Beige Book also said that “commercial real estatr market conditions deteriorated, and energy activity declinef further.” Bankers, it said, “reported a rise in depositz and stable loan demand with no erosion in loan It said consumer price and wage pressures remainec low. Meanwhile, producer prices “declined at a slowerd pace, with some firms noting that highed commodity prices boosted material andfuel costs.
” Overall, the lates regional Beige Book — covering a six-week periord — was somewhat more optimistic than the last survey, releasesd April 15. The report covers the Fed’sx Kansas City-based 10th District. It is based on interviews with a sampls of businesses representing key industriews ineach district. The reports are anecdotapl and do notcontain statistics, but they are widelyh followed and help the Fed to set national economic The Fed’s 10th District includes Colorado, Kansas, Oklahoma and Wyoming as well as western Missourij and northern New Formally known as the “Summary of Commentar on Current Economic Conditionws by Federal Reserve District,” the Beige Book is publishedc eight times a year.
The latesrt report covers late Aprilthrough May. The Federal Reserve’ds 10th District is also known as the Kansas City districtt becausethe reserve’s regional bank is based .