Agents' Summary of Business Conditions - June 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 16 June 2009
  • There was further evidence that the rate of contraction had eased for both retail sales and consumerservices.
  • There were further reports of a pickup in housing market activity in both the new build and secondary markets, albeit from a low base.
  • Investment intentions remained exceptionally subdued.
  • In manufacturing, export volumes had contracted further, but there was evidence that the pace of contraction in domestic activity had started to ease.
  • The pace of de-stocking was reported to have slowed.
  • The rate of decline in business services activity had started to stabilise for some contacts.
  • Construction activity remained significantly lower than in the same period a year earlier.
  • Credit conditions remained tight overall. Difficulties accessing trade credit insurance remained a significant issue for many contacts (see box).
  • Labour demand had continued to shrink although some firms had stopped reducing staff numbers.
  • Contacts had continued to report higher materials prices than a year earlier although the rate of inflation had eased.
  • Consumer price inflation remained positive.

 

PDFAgents' summary of business conditions - June 2009

Other Agents' summary of business conditions

This page was last updated 11 January 2019
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