London's Economy Today - Issue 76 - December 2008

The overview

• Bank of England cuts interest rates again
• sterling falls on the back of bad economic news
• global car industry in big trouble

Economic indicators

• London firms decreased their output of goods and services in November 2008
• the PMI for new orders recorded 41.5 in November compared to 43.5 in October
• The DCLG reported a fall in annual house prices in both London and the UK in Q3 2008

Capacity takes centre stage in Transport for London’s latest business plan

• London’s economy relies on the movement of people and goods
• London is forecast to grow by one million more residents and 900,000 more jobs by 2026
• the city’s transport network is one of the best in the world, but suffers from historic under investment

London’s Economy Today data on the Datastore

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