Agents' Summary of Business Conditions - September 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 18 September 2013
  • Overall, the recovery in demand and output growth had strengthened a little further.
  • Early feedback from contacts about forward guidance had been broadly positive, with a number of contacts indicating an increase in confidence that interest rates would remain low, providing some support to the recovery.
  • Annual growth in consumer spending had increased, in part due to a period of good weather, but with underlying consumer confidence also reported to have risen.
  • Activity in the housing market had continued to rise.
  • Investment intentions had edged higher, though continued to point to modest growth in capital spending overall.
  • Growth in manufacturing output had edged up a little, both for the domestic market and for export.
  • Business services turnover growth had picked up, largely due to increasing activity within professional and financial services.
  • Construction output had continued to strengthen as house-building activity rose.
  • Corporate credit availability had been little changed.
  • Employment intentions pointed to a slight increase in staffing over the coming six months.
  • Capacity utilisation was expected to increase slightly in coming months, though a margin of spare capacity remained.
  • The annual rate of growth in labour costs per employee had been broadly unchanged.
  • Annual growth in materials costs had remained subdued and moderate inflation in imported finished goods prices had continued.
  • Inflation in manufacturers’ output prices and business services prices remained muted.
  • Consumer price inflation had remained moderate.

PDFAgents' summary of business conditions - September 2013

This page was last updated 31 January 2023