Agents' Summary of Business Conditions - September 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 September 2006
  • Consumer spending growth remained reasonably firm.
  • The recovery in housing market transactions continued. The recent interest rate increase was not expected to dampen demand.
  • Export growth strengthened modestly, with signs of further recovery in euro-area demand.
  • Investment intentions rose a little further.
  • The level of manufacturing output continued to increase, with strengthening demand in domestic as well as overseas markets.
  • Construction output growth ticked up.
  • Service sector output growth was steady.
  • Employment intentions rose, but there remained some slack in the labour market.
  • Capacity pressures rose slightly in both manufacturing and services.
  • Pay pressures remained benign except in a few areas of specific skill shortages. But future pay negotiations were expected to be tougher.
  • Input price inflation levelled out, helped by a weaker dollar against the pound and lower fuel prices.
  • Manufacturing output price inflation continued to rise modestly and there was further pass-through to consumer goods prices. 

PDFAgents' summary of business conditions - September 2006

Other Agents' summary of business conditions

This page was last updated 31 January 2023