London businesses show growing optimism for profitability, backed by gains in domestic sales, with 30% of firms reporting increased sales—the highest in over a decade. Cash flow improvements have risen to 31%. Recruitment, especially for part-time positions, has increased, while full-time roles have slightly declined. Amidst geopolitical tensions, only 9% reported improved export orders. Firms face heightened operational pressures, with 66% experiencing increased energy costs. Inflation remains a major concern, affecting over half of businesses, signaling challenging economic conditions ahead.
56% of businesses were recruiting for part-time roles, up from 36% in the previous quarter, reflecting a growing preference for flexible staffing arrangements.
Just 9% of London businesses reported an increase in export orders last quarter, indicating weakening export demand amidst geopolitical tensions.
66% of firms reported an increase in energy costs in the last three months, driven by unprecedented operating costs that have raised inflation concerns.
The proportion of firms reporting increased sales rose from 23% to 30%, the highest level recorded in over a decade, suggesting improved profitability outlook.
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