The Bank of England (BOE) published a summary of reports compiled by twelve regional Agents and the key highlights could be found below:
• Growth in activity had held steady at a modest pace
• Professional services firms had reported a pickup in growth
• Goods export volumes had strengthened, construction output growth had continued to slow
• Investment intentions had remained positive, but mainly reflected investment to maintain business activity
• Recruitment difficulties had remained at an elevated level, and pay growth had picked up
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