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London's Economy Today - Issue 68 - April 2008

Key information

Publication type: General

Publication date:

The overview

  • faltering housing market as mortgage loans dry up due to credit crunch
  • lenders tighten credit conditions further
  • US economy grinding to a halt

Economic indicators

  • output of goods and services by London firms continued to expand in March 2008, but at a slower rate than in February
  • the PMI of business activity recorded 52.6 in March compared to 56.4 in February
  • annual house price inflation, as measured by the Halifax Bank of Scotland, decreased in Q1 2008 in both London and the UK

Employment in London by firm size

GLA Economics have worked with the Office for National Statistics (ONS) to develop a new method for analysing employment data according to firm size.

London’s Economy Today data on the Datastore

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