Agents' Summary of Business Conditions - February 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 20 February 2006
  • Annual growth in consumer spending was broadly unchanged from December, but retailers remained cautious.
  • Activity continued to improve in the housing market, and prices started to edge up.
  • Export growth outpaced domestic manufacturing sales.
  • Investment intentions eased a little.
  • Construction output growth remained steady.
  • Growth in business services eased, but was still strong; consumer services growth increased slightly.
  • Employment intentions rose a little, but continued hiring of workers from overseas helped to ease pressure in the labour market.
  • Capacity pressures picked up a little, but remained modest.
  • Most pay rises were likely to be broadly similar to last year, but rises in overall labour costs may be larger.
  • Input price inflation increased following the rise in gas prices.
  • Consumer price inflation edged higher, with less discounting in the January ‘sales’ than usual.

PDFAgents' summary of business conditions - February 2006


Other Agents' summary of business conditions

This page was last updated 31 January 2023