The latest BOE Agents summary of business report 28 March 2018
- Though the impact on pay growth had been limited
- Robust growth in goods exports had tightened capacity and, together with improving profit margins, strengthened investment intentions in manufacturing slightly.
- Some evidence of financial distress in retail and leisure, reflecting weak consumer spending growth
- Growth in retail sales values had slowed, reflecting weaker spending on white goods and homewares.
Reading the headers, one gets the feeling that a lot of people are just treading water at the moment. That could just be the way the BOE are presenting it because in virtually every summary above they play both sides of the positive/negative fence..