London's Economy Today - Issue 244 - December 2022

Overview

229.8 million passenger journeys were registered between 16 October 2022 to 12 November 2022, 4.6 million less than in the previous period, 18 September to 15 October 2022. In the latest period, 87.6 million of all journeys were underground journeys and 142.2 million were bus journeys.
The sentiment of London’s PMI business activity index decreased and was negative with the business activity PMI index for London private firms at 48.2 in November down from 49.7 in October. The Purchasing Managers’ Index (PMI) survey shows the monthly business trends at private sector firms. Index readings above 50 suggest a month-on-month increase in activity on average across firms, while readings below 50 indicate a decrease.
Consumer confidence in London remained strongly negative in December with the consumer confidence index in London staying the same as last month at -22. The GfK index of consumer confidence reflects people’s views on their financial position and the general economy over the past year and in the next 12 months. A score above zero suggests positive opinions; a score below zero indicates negative sentiment.

Over November 2022 to January 2023, the Office for National Statistics are releasing the first detailed statistics from the March 2021 census. Data released in November comprise population and household structures, migration, and identity characteristics.
The November releases (and the subject of this supplement) includes data on people’s country of birth and migration to the UK, ethnic group, main language and English proficiency, and Religion.