Agents' Summary of Business Conditions - June 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 16 June 2008
  • Consumption growth eased further.
  • Weakness in housing demand and transactions intensified and new housing starts contracted sharply.
  • Investment intentions fell in the service sector. Tighter credit conditions affected a growing number of companies, especially in the residential and commercial property sectors.
  • Demand for exports was firm and was expected to remain so over the next six months (see the box on the Agents’ survey of export conditions).
  • Growth in domestically orientated manufacturing eased slightly, and there was more pronounced weakness in construction and services.
  • Employment intentions remained depressed, having fallen sharply last month. The net inflow of migrant labour slowed and recruitment difficulties eased further.
  • Capacity pressures eased a little.
  • Growth in total labour costs remained well contained.
  • Annual input price inflation remained at very high levels and annual output price inflation increased as manufacturers sought to maintain margins.
  • Annual consumer price inflation increased, largely reflecting higher prices of fuel, energy and food.

 

PDFAgents' summary of business conditions - June 2008

Other Agents' Summary of Business Conditions

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