London's Economy Today - Issue 60 - August 2007

The overview

• volatile markets and a UK inflation data surprise lead to a reassessment of rate rise prospects
• UK CPI inflation back beneath target amidst initial signs that the economy may be slowing
• London house prices rising twice as rapidly as in the remainder of the UK

Economic indicators

• London firms continued to expand their output of goods and services in July 2007
• the PMI of business activity recorded 57.4 in July 2007 compared to 59.1 in June
• the DCLG reported an increase in annual house price inflation in London and the UK in Q2 2007

London’s Creative Sector: 2007 Update

• where creative jobs are located
• demand for creative products
• employment in the creative industries in the private sectors

London’s Economy Today data on the Datastore

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