London's Economy Today - Issue 149 - January 2015

The overview

• UK GDP growth slows in Q4 2014 but over the whole year grows at its fastest pace since 2007
• inflation falls to 0.5 per cent in the UK
• world growth forecasts downgraded

Economic indicators

• london’s business activity continues to increase with the PMI of business activity recorded as 56.7 in December 2014, down from 57.6 in November
• new orders in London are rising with the PMI decreasing from 59.2 in November 2014 to 58.7 in December 2014.
• annual house price inflation is higher in London than in the UK

London’s Economy Today supplement: Retail in London: Looking forward

• retail links producers and consumers, it provides employment, and it contributes towards London’s economy
• retail roles may shift a little towards increasingly important functions such as data analysis, ICT or logistics
• logistics-related firms might become even more important for retailers that out-source logistics

London’s Economy Today data on the Datastore

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