Agents' Summary of Business Conditions - August 2009

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 August 2009
  • Consumer spending had continued to stabilise.
  • The recovery in housing market activity had continued.
  • Investment intentions remained depressed, driven primarily by the weak and uncertain outlook for demand.
  • There had been little change to the pace of contraction in export volumes.
  • There were further, widespread reports that the pace of de-stocking had slowed.
  • There was more evidence that manufacturing output was stabilising. Recent reports from business services providers had been more mixed. And construction activity remained severely depressed.
  • Employment intentions were less negative than earlier in the year — while many firms expected to reduce head count further, there were fewer plans for large scale redundancies
  • Per capita labour costs remained lower than the same period a year earlier, while inflation in materials costs had eased further.
  • There was little evidence of inflation in manufactured output prices. And many business services prices were lower than a year earlier.
  • Consumer goods price inflation remained low but positive. 

 

PDFAgents' summary of business conditions - August 2009

Other Agents' summary of business conditions

This page was last updated 11 January 2019
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