BOE Agents Summary of Business Conditions Q3

The Bank of England (BOE) is out with its latest Agents Summary of Business Conditions for Q3, highlighting the following:

Demand growth slows across a number of consumer facing sectors

Investment intentions indicate weaker growth within services, but more positive for goods exporters

Growth in labour costs per employee subdued, with pay settlements clustered around 2% to 3%

Impact of past falls in sterling on consumer goods price inflation appeared to have reached its peak