Agents' Summary of Business Conditions - June 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 19 June 2013
  • Annual growth in retail sales values had continued at a slow pace. Consumer services turnover had also increased a little on a year earlier.
  • The strengthening in housing market activity seen in recent months had continued.
  • Investment intentions had remained very modest, though had strengthened a little in the services sector.
  • Moderate growth in export volumes had continued, and to an expanding range of countries.
  • Manufacturing output, both for export and domestic markets, had continued to grow slowly.
  • Output of business services had edged higher.
  • Falls in construction sector output had shown signs of slowing.
  • There had been a further, if very gradual, improvement in credit conditions.
  • Employment intentions among manufacturers and consumer services firms remained flat, but business services employers continued to plan to take on more staff.
  • Capacity utilisation had remained broadly unchanged, and a little below normal in both manufacturing and services.
  • The annual rate of growth in labour costs had continued to be subdued.
  • Inflation in non-labour costs was broadly stable, with the rate of increase in imported finished goods prices somewhat stronger than for many commodities.
  • The rate of increase in manufacturers’ and business services prices had remained subdued.
  • The rate of consumer price inflation had flattened off. 

  PDFAgents' summary of business conditions - June 2013

This page was last updated 31 January 2023