LONDON (MNI) – Employment intentions have weakened and jobs growth
will only proceed at modest pace, according to the latest Bank of
England Agents’ report.
The report, published alongside the September Monetary Policy
Committee minutes, said investment intentions pointed to modest capital
spending growth and “private sector employment intentions had weakened
somewhat.”
The agents’ report showed no dramatic deterioration in the economic
outlook, despite some sharp falls in asset prices and market turbulence.
Manufacturing output for export “remained robust” but had slowed
somewhat and there was modest growth in services business turnover.
The agents attach scores to various categories, which tend to show
only slight movements month by month.
The latest scores, for August, showed manufacturing investment
intentions fell to 1.9 from 2.3 while services investment intentions
held steady at 1.6.
Manufacturing employment intentions fell to 1 from 1.3 while total
services employment intentions held steady at 0.4.
–London newsroom: 4420 7862 7491 e-mail: drobinson@marketnews.com
[TOPICS: M$B$$$,M$$BE$]
