London's Economy Today - Issue 42 - February 2006

The overview

• London’s growth supported by buoyant business services and favourable financial markets
• UK economic growth driven by the service sector
• oil prices remain high on geopolitical tensions

Economic indicators

• London firms continued to expand their output of goods and services in January 2006
• The PMI for new orders recorded 56.9 in January 2006, a small decrease from 58.0 in December 2005
• annual house price growth in London increased to 2.4% in Q4 2005 from 1.7% in Q3

A Snap of the Snapshot

The aim of this Snapshot is to:

• identify and review London's progress against strategic priorities of the EDS
• provide a basis on which to review the priorities for London's economic development
• act as a catalyst for directing economic development activities in London

London’s Economy Today data on the Datastore

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