Agents' Summary of Business Conditions - August 2008

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 August 2008
  • Consumption growth eased further, reflecting weakness in demand for consumer services.
  • The slowdown in housing demand continued.
  • Investment intentions declined. With regard to credit conditions, the costs of finance and trade credit insurance had risen and availability had diminished.
  • Growth in the demand for exports was broadly stable.
  • Growth in domestically orientated manufacturing output was steady, having fallen sharply in previous months. But there was a further pronounced deceleration in construction and services output.
  • Labour demand softened. Recruitment difficulties were little changed, partly reflecting reduced labour supply.
  • Capacity pressures continued to ease.
  • Growth in total labour costs remained well contained.
  • Annual input price inflation was little changed but annual output price inflation increased.
  • Annual consumer price inflation continued to rise.


PDFAgents' summary of business conditions - August 2008

Other Agents' summary of business conditions

This page was last updated 31 January 2023