Beige Book: Region

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Consumer spending in the region was weak and is expectecd toremain soft, the closel y watched survey said, but “an uptick in manufacturing orders helped stabilize expectations for future production.” The Beigew Book also said that “commercial real estat market conditions deteriorated, and energy activity declined further.” it said, “reported a rise in depositsa and stable loan demand with no erosion in loan It said consumer price and wage pressures remainedx low.
Meanwhile, producer prices “declined at a slowere pace, with some firms noting that higher commoditty prices boosted material andfuel Overall, the latest regional Beige Book covering a six-week period was somewhat more optimistic than the last released April 15. The report covers the Fed’s Kansas City-based 10th It is based on interviews with a sample of businessews representing key industries ineach district. The reports are anecdotak and do notcontain statistics, but they are widely followed and help the Fed to set nationao economic policy.
The Fed’s 10th District includes Colorado, Nebraska, Oklahoma and Wyominfg as well as western Missouri and northern New Formally known asthe “Summaryu of Commentary on Current Economic Conditione by Federal Reserve District,” the Beige Book is publishedr eight times a The latest report covers late April througnh May. The Federal Reserve’s 10th District is also known as the Kansa s City district becausethe reserve’s regional bank is based there. .