The Kansas City Public Library

FRB: Beige Book--Kansas City--October 24, 2001

Publication Date:
2001
Author(s):
Federal Reserve Board
Description:
The Tenth District economy weakened in September and early October. Retail sales dropped immediately following the terrorist attacks and recovered only partially in the next several weeks. In addition, the slump in manufacturing worsened, residential construction activity slowed, and commercial real estate activity declined. Energy activity also fell somewhat after increasing most of the year. In the farm economy, fall crop yields were mixed and weaker cattle prices trimmed profits for cattle feeders. District labor markets eased, as previously scheduled job cuts took effect and more layoffs were announced. Wage pressures remained minimal outside of a few skilled occupations. Retail prices and prices for construction and manufacturing materials were largely stable, while manufacturing output prices edged down. | *""Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in its District through reports from Bank and Branch directors and interviews with key business contacts, economists, market experts, and other sources." The 10th district of the Federal Reserve is headquartered in Kansas City, but also includes Omaha, Oklahoma City, Denver and their surrounding regions.
Topic(s):
Banks and banking, Business, Consumption (Economics), Employment, Mass production, Natural resources, Shipping, Tourism, Wages, Business and Economics
State(s):
Kansas; Missouri
Document Type:
Report
Language:
English
Source:
http://www.federalreserve.gov/fomc/beigebook/2001/20011024/10.htm; Federal Reserve Website
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