London's Economy Today - Issue 176 - April 2017

The overview

• IMF raises global growth forecasts
• Early indications point to slower growth in the UK
• Mixed signs in London’s property market

Economic indicators

• In March 2017, London businesses reported an increase in business activity for the eighth consecutive month. At 56.4 (up from 52.9 in February), the rate of growth was the strongest since January 2016.
• Surveyors expected a further decline in London’s house prices between April and June 2017, with the net balance falling to -20.
• London consumers remained optimistic in March with consumer confidence in Greater London remaining positive for the third month running. At +8, this was up from the +5 recorded in February.

London’s Economy Today supplement: Projections of demand and supply for visitor accommodation in London to 2050

This work sets out projections for the supply and demand of serviced visitor accommodation.

• Demand for London accommodation is projected to reach 196.4 million nights by 2041 from 138.5 million visitor nights in 2015.
• Based on these demand projections it is estimated that London will need to add an additional 58,140 rooms to the serviced accommodation supply by 2041, at an average of 2,236 rooms per annum.

London’s Economy Today data on the Datastore

• London’s Economy Today on the Datastore has more interaction and a greater personal focus.