Agents' Summary of Business Conditions - June 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 19 June 2007
  • Consumption growth remained strong overall, though discretionary spending appeared to ease.
  • Demand for housing was firm nationally, but a little more disparate across regions.
  • Investment intentions strengthened further.
  • Demand for exports remained buoyant overall, though orders were weaker from the United States.
  • Growth in manufacturing remained solid, supported by increases in both external and domestic demand.
  • Output in the construction and service sectors continued to expand at a strong pace.
  • Employment intentions were high, with labour demand strongest in the service sector. And recruitment difficulties became more pronounced in most regions.
  • Capacity pressures persisted, especially in the construction and service sectors, but also became more
    evident in manufacturing.
  • Growth in pay awards increased modestly. Other forms of employee compensation continued to drive somewhat stronger annual growth in total labour costs than indicated by official data.
  • Annual input price inflation increased again in the month, and output price inflation edged up. And there was more evidence of margin rebuilding.
  • Annual consumer price inflation remained relatively high.

PDFAgents' summary of business conditions - June 2007

Other Agents' summary of business conditions

This page was last updated 31 January 2023