Agents' Summary of Business Conditions - February 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 21 February 2005
  • Consumer spending growth continued to moderate.
  • Export growth slowed further and some contacts were concerned whether current volumes could be sustained in the months ahead.
  • Investment intentions remained firm, though there were downside risks should the economy slow.
  • Manufacturing output continued to grow modestly.
  • Construction output growth eased a little.
  • Estate Agents reported tentative signs of a pickup in housing market activity levels.
  • Service sector output growth was brisk, underpinned by demand for professional and financial services.
  • Private sector employment growth weakened slightly.
  • Capacity utilisation remained a little above normal.
  • Pay settlements edged higher. There were prospects of further modest increases in wage inflation in the year ahead.
  • Input price inflation may have peaked. Prices of materials were expected to remain at or slightly above current levels in 2005.
  • Output and consumer price inflation picked up a little, particularly in the service sector.

PDFAgents' summary of business conditions - February 2005

Other Agents' summary of business conditions

This page was last updated 31 January 2023