2021-10-14-莱坊-The_London_Activity_Monitor_October_2021_14页_1mb

London Activity Monitor Summary - October 2021

Business Activity Growth

• Business activity growth has slowed compared to previous months, with workloads exceeding existing capacity and high vacancy rates persisting; new order growth has eased in line with global trends.

COVID Infections

• New COVID-19 infections are rising in London, but hospitalisation rates have not rebounded as prominently as in past waves; London has the lowest infection rate per 100,000 population.

FTSE 100 Performance

• The FTSE 100 increased by 3.9% over the past month; the Price Earnings Ratio is slightly above its July 2020 low but remains below the long-term average, indicating attractive valuations for UK stocks.

Vacancies and Real Estate

• London vacancies declined slightly for the first time in 12 months, with recruitment outpacing other regions; residential rent asking prices in Central London are rising, suggesting a reversal of pandemic-era migration.

Mobility and Transport

• London mobility is improving, with greater use of public transport and strong increases in travel to and from the City of London; road congestion remains above pre-pandemic levels despite recent fluctuations.

Restaurant and Hospitality

• Restaurant reservations are stabilizing at weekend levels similar to 2019, but midweek bookings are lower; factors include rising costs, colder weather, and labour shortages.

Additional Observations

• Workplace mobility in London is below comparable cities but has increased faster in other gateway cities; air passenger volumes have decelerated, primarily due to seasonal trends.
• Residential and overall market trends show signs of recovery with challenges such as infection fears impacting certain sectors.