London's Economy Today - Issue 70 - June 2008

The overview

• persistent inflation – a further brake on a slowing economy
• signs of acute weakness in the construction industry
• consumer confidence is falling sharply

Economic indicators

• London firms continued to expand their output of goods and services in May 2008, but at a slower rate than in April
• the PMI of business activity recorded 50.9 in May compared to 52.9 in April
• The DCLG reported a decrease in annual house price infl ation in London and the UK in Q1 2008

The evolution of UK and London employment rates

• London’s employment rate is lower than that for the UK
• the female employment rate is largely responsible for the continuing divergence
• London-UK employment rate gaps

London’s Economy Today data on the Datastore

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