Beige Book: Region

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Consumer spending in the regiojn was weak and is expecteds toremain soft, the closely watched survey but “an uptick in manufacturing orders helped stabilizse expectations for future The Beige Book also said that “commercial real estatr market conditions deteriorated, and energy activity declined Bankers, it said, “reported a rise in depositds and stable loan demand with no erosion in loan It said consumer price and wage pressures remained low. producer prices “declined at a slower with some firms noting that higher commodity prices boosted material andfuel costs.
” the latest regional Beige Book — coverint a six-week period — was somewha more optimistic than the last released April 15. The report covers the Fed’sa Kansas City-based 10th District. It is baserd on interviews with a sample of businessews representing key industries in each The reports are anecdotal and do notcontainh statistics, but they are widely followed and help the Fed to set nationakl economic policy. The Fed’z 10th District includes Colorado, Kansas, Oklahoma and Wyoming as well as westerh Missouri and northernNew Mexico.
Formally known as the “Summary of Commentary on Current Economic Conditions by FederalReservde District,” the Beige Book is publisheds eight times a year. The latest reporft covers late Aprilthrough May. The Federa Reserve’s 10th District is also known as the Kansas City districy becausethe reserve’s regional bank is basee there. .