Agents' Summary of Business Conditions - August 2006

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 14 August 2006
  • Consumer spending growth was steady, at or slightly above historical average rates. But many retailers remained cautious about prospects for the rest of the year.
  • The housing market recovery continued and optimism of house builders improved.
  • Growth of exports and imports rose further.
  • Investment intentions increased. That partly reflected manufacturers’ need to invest in energy-saving equipment to improve cost competitiveness.
  • Manufacturing production continued to pick up gradually, with a slight strengthening in domestic as well as overseas markets.
  • Construction output growth was steady.
  • Professional and financial services activity remained buoyant but output growth in other business services such as advertising weakened a little.
  • Employment intentions remained slightly positive while slack in the labour market may have increased fractionally.
  • Capacity pressures rose slightly in both manufacturing and services.
  • There were few signs of any general increase in pay pressure.
  • Input price inflation remained high, reflecting higher prices of energy, some metals and imported goods.
  • Manufacturing output price inflation also stayed high and there was further pass-through to consumer goods prices.

PDFAgents' summary of business conditions - August 2006


Other Agents' summary of business conditions

This page was last updated 31 January 2023