Agents' Summary of Business Conditions - February 2007

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 2007
  • Consumer spending was stronger than anticipated over the Christmas period but was more mixed in January.
  • Activity in the housing market remained mostly firm, though the outlook was less certain.
  • Export growth weakened a little, largely reflecting the stronger pound.
  • Investment intentions remained robust, particularly in the service sector.
  • Manufacturing output growth eased a little, but confidence was still upbeat.
  • Growth in construction output accelerated, helped by the mild weather in January.
  • Service sector output growth continued to accelerate on a broad front.
  • Employment intentions and recruitment difficulties increased, largely in professional and financial services.
  • Capacity pressures rose further.
  • Pay awards were expected to rise modestly in most sectors in 2007, but by rather less than the increase in retail price inflation over the past year.
  • Input price inflation eased again.
  • Consumer price inflation increased further.

PDFAgents' summary of business conditions - February 2007

Other Agents' summary of business conditions

This page was last updated 31 January 2023