Agents' Summary of Business Conditions - November 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 20 November 2013
  • Growth in the value of retail sales and consumer services had been unchanged, in the past three months on a year earlier. However, retail sales growth had appeared to soften in recent weeks.
  • Demand for house purchase had continued to strengthen, outpacing the increase in supply.
  • Investment intentions had remained modestly positive.
  • Manufacturing output growth had edged higher.
  • Growth in business services turnover had risen slightly, with a broadening of growth across subsectors.
  • Annual growth in construction output had continued to recover, driven by new housebuilding.
  • Corporate credit availability and demand had continued to increase gradually.
  • Employment intentions had edged higher and were consistent with modest employment growth over the next six months.
  • Reports of recruitment difficulties for skilled labour were becoming more widespread across the economy.
  • Capacity utilisation was approaching normal levels in manufacturing and services.
  • The annual rate of growth in labour costs had remained moderate.
  • Inflation in materials costs had continued to be modest.
  • Output price inflation had remained subdued, though had edged up for business services.
  • Consumer prices had continued to rise at a moderate annual rate, largely driven by administered and regulated prices.

PDFAgents' summary of business conditions - November 2013

This page was last updated 31 January 2023