Agents' Summary of Business Conditions - July 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 17 July 2013
  • Annual growth in the value of retail sales and consumer services had risen slightly over the first six months of the year, but remained modest.
  • Activity in the housing market had continued to strengthen.
  • Investment intentions continued to be largely aimed at raising efficiency, with very little large-scale capacity expansion under way.
  • Manufacturing exports continued to grow at a moderate rate.
  • Growth in manufacturing output for the domestic market had increased a little in recent months.
  • Modest growth in business services turnover had continued.
  • The annual rate of decline in construction output had eased as house building had increased. Output in the sector overall was little changed on a year earlier.
  • Corporate credit conditions had continued to improve very gradually, but many companies reported a desire to rely on internal or non-bank funding.
  • Employment intentions had edged higher in recent months, but were flat for consumer services.
  • Capacity utilisation had remained slightly below normal both in manufacturing and services.
  • Labour costs per employee had grown at modest but stable rates over recent months.
  • Inflation in materials costs had fallen to low levels and had remained stable for imported finished goods prices.
  • The rate of increase in manufacturers’ and business services prices had remained subdued, though profitability had edged higher as output had risen.
  • The rate of consumer price inflation had been unchanged.

PDFAgents' summary of business conditions - July 2013

This page was last updated 31 January 2023