London's Economy Today - Issue 164 - April 2016

The overview

• UK GDP continues to grow
• World growth forecast to slow
• UK growth forecast downgraded as surveys show success and challenges for London

Economic indicators

• New orders in London rising with the PMI for new orders recorded at 53.8 in March 2016 compared to 54.7 in February 2016.
• London’s business activity continues to increase with the Purchasing Managers’ Index (PMI) of business activity recorded at 54.2 in March 2016, up from 52.2 in February 2016.
• Surveyors expect house prices to fall in London and to rise in England and Wales with the net house price expectations balance in London at -38 in March 2016. For England and Wales, the net house price expectations balance was 17 in March 2016.

LET supplement: Socio-economic baseline - Old Oak and Park Royal

• The objective of Working Paper 74 is to provide a baseline of socio-economic and demographic indicators against which to measure the impacts of the Old Oak and Park Royal regeneration project over time.
• It analyses a number of different socio-economic indicators of the immediate area in and around the Old Oak Park Royal Development Zone, the wider region that surrounds the Development Zone, and compares with indicators for Greater London.
• This baseline will be used as a reference point in future years to measure changes in these indicators to assess the impact that the regeneration project is having on the Old Oak and Park Royal area.

London’s Economy Today (LET) data to Datastore

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