London's Economy Today - Issue 139 - March 2014

The overview

• the OBR revised up its forecast for economic growth in the UK for this year and next
• the UK economy is estimated to grow by 2.7 per cent in 2014 and 2.3 per cent in 2015
• unemployment is forecasted to fall to 5.4 per cent in 2018

Economic indicators

• London firms increased their output of goods and services in February 2014, with a PMI of 59.5 in February compared to 57.0 in January
• February 2014 saw an increase in new orders for London firms with a PMI of 60.1 in February compared to 61.1 in January
• surveyors report that house prices are rising

London’s Economy Today data on the Datastore

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