BOE agents' summary: growth in activity had held steady at a modest pace

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