Agents' summary of business conditions - June 2015

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 June 2015

This publication is a summary of monthly reports compiled by the Bank of England’s Agents following discussions with contacts in the period between late April 2015 and late May 2015.

  • Consumer services and retail sales turnover had continued to grow moderately.
  • Housing market transactions remained lower than a year earlier, with some contacts reporting shortages in the supply of homes for sale as the driver of this weakness.
  • Investment intentions had pointed to moderate growth in capital expenditure over the following twelve months.
  • Business services turnover growth had remained robust and broad-based.
  • Manufacturing output growth had edged higher for the domestic market. Growth in goods exports had remained subdued overall.
  • Construction output growth had eased further, but pointed to moderate growth.
  • Corporate credit conditions had remained at a level somewhat above normal, though they continued to vary by firm size and sector.
  • Employment intentions had continued to edge higher and were consistent with modest headcount growth.
  • Recruitment difficulties had increased slightly, becoming somewhat more broad-based.
  • Capacity utilisation had eased slightly in manufacturing, but remained slightly above normal for services.
  • Growth in total labour costs per employee had been steady.
  • Materials costs had continued to fall overall. The rate of decline in some imported finished goods prices had eased.
  • Output prices had continued to fall on a year earlier for manufacturers, but had risen moderately for business services firms.
  • Profitability growth had edged down for manufacturers, and remained modest for services.
  • Consumer price inflation had remained negative for goods; retail service prices had continued to increase modestly.

PDFDownload PDF

ExcelAgents' scores

PDFDefinitions for the Agents' scores

This page was last updated 03 January 2019

Give your feedback

Was this page useful?
Add your details...