- Consumer spending growth picked up.
- Activity continued to improve in the housing market; prices were flat.
- Export growth rose.
- Investment intentions were unchanged.
- Domestic manufacturing sales stabilised.
- Construction output growth remained steady.
- Growth in professional and financial services remained strong; consumer services growth was more subdued.
- The state of the labour market was unchanged, as were capacity pressures.
- There was little sign of any upward pressure on pay.
- Overall, input price inflation fell.
- Consumer price inflation edged higher; discounting in the January ‘sales’ may be less marked than usual.
Other Agents' summary of business conditions
Give your feedback
Thanks! Would you like to give more detail? Press Spacebar or Enter to select