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Consumer spending in the region was weak and is expected toremaib soft, the closely watched survey said, but “an uptick in manufacturin g orders helped stabilize expectations for future production.” The Beigw Book also said that “commerciakl real estate market conditions deteriorated, and energ activity declined further.” Bankers, it “reported a rise in deposits and stablee loan demand with no erosion in loan quality.” It said consumedr price and wage pressures remained low. Meanwhile, producer prices “declined at a slower pace, with some firms notinf that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book covering a six-week period — was somewha more optimistic than the last survey, released April 15. The repor covers the Fed’s Kansas City-basexd 10th District. It is based on interviews with a samplew of businesses representing key industriezs ineach district. The reports are anecdotal and do notcontaibn statistics, but they are widely followed and help the Fed to set nationao economic policy. The Fed’s 10th District includes Kansas, Nebraska, Oklahoma and Wyoming as well as western Missouri and northerhNew Mexico.
Formally known as the “Summar of Commentary on Current Economic Conditions by FederalReserve District,” the Beige Book is published eight times a The latest report covers late Aprio through May. The Federal Reserve’s 10th District is also knowbn as the Kansas City district becausethe reserve’ s regional bank is based .
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