Agents' Summary of Business Conditions - March 2014

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 March 2014
  • Annual growth in the value and volume of retail sales had increased slightly over the past three months.
  • Consumer services turnover growth had also edged higher.
  • The recovery in housing market activity had continued.
  • Investment intentions had continued to point to moderate growth in capital expenditure in the year ahead.
  • Turnover in business services had edged a little higher.
  • Manufacturing output for the domestic market had continued to grow steadily. Manufactured exports growth had increased.
  • Construction output growth had risen further.
  • Credit availability had continued to increase gradually and demand had edged higher.
  • Employment intentions over the next six months pointed to modest headcount growth. Recruitment difficulties had edged higher, and were marginally above normal.
  • Capacity utilisation had remained close to normal.
  • Labour costs per employee had continued to grow moderately.
  • Inflation in materials costs and imported finished goods prices had fallen further.
  • Output price inflation had edged lower for manufacturing companies, but had risen slightly for business services firms. Profitability had continued to improve overall.
  • Consumer price inflation had slowed further, particularly for goods.

PDFAgents' Summary of Business Conditions - March 2014

This page was last updated 31 January 2023