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London''s Economy Today - Issue 153 - May 2015

Key information

Publication type: General

Publication date:

Contents

The overview

  • Inflation moves into negative territory for the first time since 1960
  • Prospects for the Eurozone improving
  • Increased uncertainty as to Greece’s ability to service its debts

Economic indicators

  • Annual house price inflation in the UK was 8.1% in Q1 2015, up from a downwardly revised 7.7% in Q4 2014.
  • Firms in London increased their output of goods and services in April 2015.
  • April 2015 saw an increase in new orders for London firms.

LET supplement: Employment by Industry

  • This supplement gives a summary of jobs by sector (and sub-sectors) in London over time and assesses the extent of London’s specialisation in these sectors.
  • The Professional, scientific, technical and real estate activities sector is the largest sector (in terms of jobs) in London (816,000) in 2013 and is an area of a significant specialisation when compared to the rest of Great Britain.
  • London also has a very significant specialisation in the Information and communication sector with almost a third (32.2 per cent) of all employee jobs in Great Britain located in the capital, whilst the Financial and insurance activities sector contributes around 362,000 jobs in London and around a third of all employee jobs in Great Britain.
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