Wednesday, August 20, 2008
The BoE agent survey points to a nasty year ahead.
Here is my second attempt at a slideshow. This time, we take a look at the most recent Bank of England agent survey.
The survey deserves much more attention that it currently gets. The regional agents ask firms about a range of issues; prices, investment, profitability and employment. The agents then compile these responses into a set of scores, which gives us perhaps the best insight into the future path of the UK economy.
The most recent survey is very grim; it clearly points to higher inflation, declining investment, lower sales and possibly a recession.
A quick word on the slideshow. If it is on autoplay there is no way to slow it down and slides disappear after about 4 seconds. If you want to slow it down, pass your mouse over the image, and a stop button will appear. Press on the button and view the slides manually. Alternatively, double click on the image, and you will be taken to the picassa webside where you will have the option to slow the slideshow down directly.