Report says London firms saw business pick up at start of 2013

Julian Harris
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GREEN shoots are appearing for London’s businesses, with a survey published yesterday revealing almost half of firms reporting a rise in customers in 2013.

The first three months of the year found 44 per cent of the capital’s firms experiencing a lift in customers, up from just 31 per cent in quarter four of 2012.

The proportion of London businesses reported an increase in new orders also rose, but by a far less significant amount. In quarter one of 2013 this came in at 32 per cent, the survey from finance firm Bibby showed – up narrowly from 31 per cent at the end of last year.

Earlier in the month a separate survey from Lloyds continued to show London’s economy faring better than the UK average.

The bank’s regional purchasing managers’ index was 53.4 in April for London; numbers over 50 show economic expansion.