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Home > News and Publications > Agents' Summary of Business Conditions, January 2016 Update

Agents' Summary of Business Conditions, January 2016 Update

20 January 2016

This Update covers intelligence gathered from business contacts between late November 2015 and late December 2015. A fuller report for 2016 Q1 will be published on 23 March. This report generally makes comparisons with activity and prices over the past three months on a year earlier. It represents the aggregate view offered from business contacts across the whole of the United Kingdom.

  • Activity had grown solidly on a year ago, and was expected to continue to do so over coming months. The notable exception to that picture was manufacturing, where output was slightly down on a year earlier and prospects for the sector were subdued.
  • Consumer spending growth had been resilient. Early discussions with contacts indicated that retail sales over the Christmas period had been stronger than a year earlier in volume terms, if little changed by value.
  • Growth in total labour costs per employee had eased a little, despite continuing recruitment difficulties. That had partly reflected the effects of low inflation, which had allowed some businesses to offer lower awards than a year earlier.


Agents' Summary of Business Conditions - January 2016

Key Resources

Introducing the Agents' Scores
By Colin Ellis and Tim Pike, Quarterly Bulletin, Winter 2005

Bank of England Agents' Scores

Definitions for the Agents' Scores