Agents' Summary of Business Conditions - August 2005

We regularly publish a summary of reports compiled by our twelve regional Agents following discussions with at least 700 businesses across the UK every reporting period.
Published on 16 August 2005
  • The value of retail spending may have stabilised, but growth in spending on consumer services has weakened.
  • Activity has been stable in the housing market, albeit at a much lower level than a year ago. The stock of properties on estate agents’ books remained high.
  • Export prospects have improved in light of the dollar appreciation against sterling. Import growth weakened further.
  • Investment intentions fell back a little as firms became more cautious about the outlook for the economy.
  • Manufacturing output fell due to weaker domestic sales. Export growth has held up.
  • The pace of construction output growth eased, but was still robust.
  • Service sector output growth eased, and there were some signs that the weakness in the consumer-facing sectors was starting to have an impact on business services.
  • Employment intentions and recruitment difficulties have fallen over the past month.
  • Capacity utilisation was below normal in manufacturing, but above normal in the service sector.
  • Pay pressures remained muted.
  • Input price inflation was broadly stable.
  • Consumer price inflation eased a little.

PDFAgents' summary of business conditions - August 2005

Other Agents' summary of business conditions

This page was last updated 31 January 2023