Agents' Summary of Business Conditions - August 2013

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 14 August 2013
  • Annual growth in the value of consumer spending had remained moderate. There were signs of increasing consumer confidence, though disposable incomes had remained tight.
  • Activity in the housing market had picked up further in recent months.
  • Investment intentions had continued to point to only modest growth in capital spending.
  • Growth in manufacturing output had been unchanged for the domestic market, though it had increased a little for exports.
  • Sentiment in business services had improved further, alongside continued growth in turnover.
  • Construction output had strengthened, as house building had increased over recent months.
  • Corporate credit availability had continued to improve gradually.
  • Employment intentions pointed to a slight increase in staffing over the coming six months.
  • Capacity utilisation had remained slightly below normal both in manufacturing and services, though the margin of spare capacity in services had narrowed a little.
  • The annual rate of growth in labour costs per employee had been little changed.
  • Annual growth in materials costs had remained subdued and moderate inflation in imported finished goods prices had continued.
  • Inflation in manufacturers’ output prices had edged lower and had remained very subdued for business services prices.
  • The rate of consumer price inflation had been unchanged.

PDFAgents' summary of business conditions - August 2013

This page was last updated 31 January 2023