BOE Agents: Job Creation Seen Weak For Next Six Months

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

The report, published alongside the BOE’s September Monetary Policy
Committee minutes, painted a picture of rising borrowing costs and weak
employment growth.

“Employment intentions indicated that there would be little job
creation in the private sector over the coming six months,” the survey
said.

The survey said that consumer price inflation remains moderate and
that labour costs continue to fall. The survey also noted construction
output had declined, suggesting the weakness in the official
construction numbers is not entirely illusory.

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

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