Agents' Summary of Business Conditions - November 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 18 November 2008
  • Contacts painted a weak picture of most aspects of economic activity, with further reductions in the Agents’ scores from the low levels reported last month.
  • Demand for consumer services continued to shrink, and retail sales values were broadly unchanged relative to a year earlier.
  • Investment intentions had been further reduced, with an increasing number of contacts citing tighter financing conditions as a factor in their decisions over and above the outlook for demand.
  • Manufacturing output for domestic sales fell and a range of construction and business service activities also contracted.
  • Growth in export orders had slowed sharply — after having been broadly stable across much of the year.
  • Employment intentions were scaled back further across all sectors.
  • Growth in labour costs remained subdued, with most contacts expecting next year’s pay rises to be no larger than this year’s.
  • Annual input and output price inflation eased slightly.
  • Retail goods and service price inflation also eased amidst reports of increased promotional activity.


PDFAgents' summary of business conditions - November 2008

Other Agents' summary of business conditions

This page was last updated 31 January 2023