London's Economy Today - Issue 30 - February 2005

The overview

• UK output expands for 50th consecutive quarter
• 2004 – A good year for the UK economy
• strong US growth

Economic indicators

• London firms continued to expand their output of goods and services in January 2005
• the PMI of business activity recorded 60.1 in January 2005 compared to 59.8 in December 2004
• annual house price growth in London slowed to 3.9% in 2004 Q4 from 8.1% in Q3

London Annual Business Survey

A survey of more than 4000 London businesses revealed that the availability of skilled labour; crime; and transport were seen as the most serious problems facing London firms.

London’s Economy Today data on the Datastore

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