Agents' summary of business conditions - 2016 Q1

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 23 March 2016

This publication is a summary of monthly reports compiled by the Bank of England’s Agents between late November 2015 and late February 2016. It generally makes comparisons with activity and prices a year earlier.

  • Annual rates of activity growth had eased, in part reflecting slowing world growth and an associated increase in uncertainty. Consumer spending growth had, however, remained resilient.
  • Bank credit availability had remained above normal for most contacts, although competition between lenders was reported to be stabilising after a period of intensification. Capital market financing conditions had become less favourable given recent market volatility.
  • Growth in total labour costs had remained modest, with low inflation having a slightly moderating effect on pay awards. Companies often reported that competitive pressures were restraining price inflation.

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This page was last updated 27 December 2018