LONDON (MNI) – Employment intentions suggest job creation is going
to be pretty flat over the next six months, according to the latest Bank
of England Agents’ report.

The report, published alongside the June BOE Monetary Policy
Committee minutes, painted a picture of subdued demand growth and steady
employment.

“Employment intentions suggested that the job numbers would be
broadly stable over the next six months,” it said.

Consumer demand was only growing gradually, and investment was
expected to rise at a moderate pace. The survey said construction output
had declined compared to a year earlier, suggesting the weakness in the
official construction numbers is not entirely illusory.

Pay growth is subdued, with private sector settlements tending to
hold in a 2 to 3% range.

–London newsroom: 4420 7862 7491 e-mail: drobinson@marketnews.com

[TOPICS: M$$BE$]