Agents' Summary of Business Conditions - March 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 March 2007
  • Growth in consumer spending eased, but remained firm.
  • Overall housing demand was still robust, though the outlook for new home building had become less certain.
  • Investment intentions persisted at high levels, particularly in the service sector.
  • Demand for exports remained healthy despite sterling’s appreciation.
  • Growth in manufacturing output eased a little.
  • Construction output rose further, supported by both public and private sector projects.
  • Service sector output growth continued at a rapid pace.
  • Employment intentions increased, driven by demand for labour in the service sector.
  • Recruitment difficulties increased, with skill shortages becoming more broad-based.
  • Capacity pressures remained high in some sectors, and were greatest in construction and services.
  • Growth in labour costs strengthened, consistent with increased recruitment difficulties.
  • Growth in materials costs slowed from its earlier rapid pace so that input price inflation eased again.
  • Consumer price inflation remained steady at its recent relatively high rate.

PDFAgents' summary of business conditions - March 2007

Other Agents' summary of business conditions

This page was last updated 31 January 2023