Key information
Publication type: General
Publication date:
Contents
The overview
- London’s employment rate reaches a record high
- UK GDP growth slows – but services remain strong
- Global outlook softens due to weakness in emerging economies, particularly China
Economic indicators
- Annual house price inflation in the UK was 3.7% in Q3 2015, down from 4.1% in Q2 2015.
- Firms in London increased their output of goods and services in September 2015.
- September 2015 saw an increase in new orders for London firms
LET supplement: Analysis of London’s exports over time
- In 2013, London’s total exports were estimated to be around £139.9 billion, up from £64.7 billion in 2003.
- Service exports accounted for around 77 per cent of the total (worth around £107.3 billion), around double the value in 2003. Goods exports grew at a slower rate over the period with around £32.6 billion worth of goods exported in 2013, a 40 per cent increase from 2003.
- GLA Economics is working with the Office for National Statistics (ONS) and other data users to produce more robust regional estimates for London and other regions. The service export estimates provided in this report are only interim estimates that will be replaced with the ONS estimates once they become available (expected towards the end of 2015).
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