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.

Agents' summary of business conditions - May 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 20 May 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 March 2015 and late April 2015.

  • Consumer services and retail sales turnover had risen moderately.
  • Housing market activity remained below that of a year earlier, with some contacts reporting a slowing in the run-up to the General Election.
  • Investment intentions for the next twelve months were consistent with moderate growth overall.
  • Business services turnover growth had remained robust and broadly based.
  • Manufacturing output growth, both for the domestic market and for export, had edged lower.
  • Construction output growth had continued to ease on a year earlier, but remained fairly robust overall.
  • Corporate credit availability had improved further.
  • Employment intentions had edged higher and were consistent with modest headcount growth overall.
  • Recruitment difficulties had changed little, at a level somewhat above normal.
  • Capacity utilisation had remained at broadly normal levels in manufacturing, but slightly above normal for services.
  • Growth in total labour costs per employee had been steady.
  • Materials costs and imported finished goods prices had remained lower than a year earlier.
  • Output prices had fallen on a year earlier for manufacturers, although they had risen moderately for business services firms.
  • Profitability growth had edged higher for services, but had fallen for manufacturers.
  • 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 23 November 2018
Was this page useful?
Add your details...