London's Economy Today - Issue 45 - May 2006

The overview

• interest rates across the world set to rise further
• UK manufacturing activity finally shows some initial signs of a recovery
• US interest rates at a five-year high

Economic indicators

• London firms continued to expand their output of goods and services in April 2006
• the PMI of business activity was 61.5 in April 2006 compared to 58.6 in March
• surveyors are also reporting increased house prices in England and Wales with a net balance of 15

The London living wage in 2006

• calculation of the living wage in London
• living wage in London
• what has changed since 2005?

London’s Economy Today data on the Datastore

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