Agents' Summary of Business Conditions - July 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 18 July 2006
  • Consumer spending growth picked up, although the pattern of sales was affected by the World Cup.
  • The housing market recovery continued, but contacts were cautious about the near-term outlook.
  • Export sales accelerated again; import growth also rose.
  • Manufacturing investment intentions strengthened: contacts now expected broadly unchanged investment spending over the next twelve months.
  • Manufacturing production for domestic markets rose, but less quickly than exports.
  • Construction output growth was steady.
  • Professional and financial services activity continued to grow strongly.
  • Employment intentions picked up, but recruitment difficulties remained low.
  • Capacity utilisation increased a little in both the manufacturing and service sectors.
  • There was no evidence of widespread pay pressure.
  • Input price inflation remained high, reflecting energy prices.
  • Manufacturing output price inflation also stayed high; there was some further pass-through of energy costs to consumer prices.

Other Agents' summary of business conditions

This page was last updated 31 January 2023