Simultaneous monitoring of respiratory function and activity level would be of benefit in the monitoring of chronic conditions such as chronic obstructive pulmonary disorder (COPD), but is ill-addressed by existing methods. Current solutions for monitoring respiratory function are obtrusive and not suitable for pervasive monitoring in the home, while existing activity monitors, not equipped to measure parameters of respiration, do not differentiate between causes of sedentary behaviour. Previous work has validated a method for obtaining angular rates of breathing motion of the chest wall using a tri-axial accelerometer against nasal pressure. We have used this method to perform respiratory monitoring during periods of low activity while simultaneously monitoring activity using a single wireless device. We observe that the optimal placement for respiratory monitoring does not preclude successful activity monitoring. We propose an activity monitoring algorithm based on direct estimation of motion energy observed by the device. We show favourable comparison against three commercial activity monitors validated against indirect calorimetry during a programme of exercise activities in healthy subjects.