London's Economy Today - Issue 162 - February 2016

The overview

• Global stock markets experience sharp falls in the first half of February
• Economic outlook weaker around the world
• Some evidence of the economy softening at the UK level

Economic indicators

• London’s business activity continues to increase with the Purchasing Managers’ Index (PMI) of business activity recorded at 56.4 in January 2016, down from 56.9 in December 2015
• New orders in London rising with the PMI for new orders recorded at 58.0 in January 2016 compared to 58.6 in December 2015
• Surveyors expect house prices to rise with the net house price expectations balance in London at 8 in January 2016, while for England and Wales, the net house price expectations balance was 34 in January 2016.

LET supplement: Draft Economic Evidence Base 2016

• The draft version of the Economic Evidence Base for London is designed to help inform and support strategy development within the GLA Group. The Economic Evidence Base outlines our assessment of how London’s economy has developed over time, the forces acting upon it, and identifies the risks and issues facing London’s economy.
• This report is a draft and will be amended and added to as a result of further work and comments from stakeholders.
• Any comments on this draft publication can be sent directly to the GLA Economics e-mail address; [email protected]

London’s Economy Today (LET) data to Datastore

• The LET presence on Datastore aims to create more interaction and a greater personal focus for London’s Economy Today while also allowing for the incorporation of feedback and views from the readership. http://data.london.gov.uk/gla-economics/let/