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Consumer spending in the region was weak and is expecterd toremain soft, the closely watchede survey said, but “aj uptick in manufacturing orders helped stabilize expectations for future The Beige Book also said that “commerciaol real estate market conditions deteriorated, and energyy activity declined further.” Bankers, it said, “reported a rise in deposits and stable loan demand with no erosion in loan It said consumer price and wage pressures remainef low.
Meanwhile, producer prices “declined at a slowedr pace, with some firms noting that highefr commodity prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period was somewhat more optimistiv than the last survey, released Aprio 15. The report covers the Fed’s Kansads City-based 10th District. It is based on interviewds with a sample of businesses representing key industriee ineach district. The reports are anecdotal and do not contain statistics, but they are widely followed and help the Fed to set nationaol economic policy.
The Fed’s 10th District includes Colorado, Kansas, Nebraska, Oklahoma and Wyoming as well as westernb Missouri and northern New Formally known asthe “Summary of Commentary on Current Economicc Conditions by Federal Reserve the Beige Book is published eight times a year. The latesyt report covers late Aprilthrough May. The Federal Reserve’xs 10th District is also known as the Kansaas City district becausethe reserve’s regional bank is based there. .
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