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According to the survey on the most recent drivers Jonas Deloitte (DJD) cranes, only 22 schemas or 2.7 m - square foot are built in the heart of the capital, 52pc six months ago and less than one year 68pc.

The sharp drop in activity is a consequence of implementing disposal projects into recession, dried up and disappeared from the demand for companies to hire developers finance.

GDP figures have shown that the construction industry led to economic growth, but analysts warned that the improvement has been in public works and private sector projects are still limited, as shown in DJD report.

The slowdown of the projects is particularly evident in the city, where no new development has started this year, the first time that this has happened in the history of 20 years of the survey on the grues.Seulement four buildings are being constructed, which make up 1.3 m-square-foot space .According DJD, 2011 and 2012 will be the years further down for completion on the recording and the "bottom" of the current cycle.

However, the largest developers begin work once more on the projects main skyscrapers in the city, such as the talkie walkie and Cheesegrater, as they expected an improvement in demand for the company and a resumption of rent.

Construction on a wave of projects is due to start next year, but also of DJD could lead to the very real possibility of the market see an oversupply of space in 2014".

Anthony Duggan, Director and head of research at DJD, stated: "as the last cycle of development is nearing completion there is an important window of opportunity for developers, but there is a real chance that could distract from starvation at the feast in the coming years."

"We are moving towards a tipping point in the London markets where appetite for development could mean that the market swings too little space today with too much space in 2014 15.Nous expect that next year will see a frenzied effort by developers for plans have begun to catch growth forecast for the next years rental."

"The timing of these schemes is key - there is a clear window of opportunity in the next few years but after 2013 there is a real risk of overproduction.".

In the meantime, healthy expansion of the British economy in the third quarter is expected to be confirmed Wednesday that the national statistical Office updates his original estimate.

Economists expect growth of gross domestic product (GDP) will be left unrevised at 0 8pc after ONS said recently that he was hanging with his estimate of quarter-on-quarter to 4pc growth in construction.

Howard Archer, an economist at IHS added insight that nothing pointed out any "major review" to consider it as exit sector enormous services was developed by 0 6pc.

However, the annual growth rate seems likely be revised to 2 6pc of 2 8pc after dressed ONS the figure for the growth of the construction in the second quarter.

The demotion of the expansion of the sector 9. 6pc quarter-on-quarter 6. 8pc is supposed to pull 1. 2pc surprisingly high growth between April and June until 1. 0pc dependent if anything else is revised.

"Obviously any revision to the decline in GDP growth would be disappointing, but the economic picture as a whole would change not only this," said Mr. Archer.

The ONS will also give new details on spending, with Philip Shaw Investec, expect consumption of households do not correspond to the second quarter estimated growth of 0 7pc as retail sales lost pace.

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NEW YORK--U.S. consumer sentiment worsened more than expected in October, reaching its lowest level since November 2009, with concern the high main economy election next week, a survey showed on Friday.

The Thomson Reuters/University of Michigan reading on global consumer sentiment index end October is 67.7, descended in September and below the median 68.2 68.0 forecast among economists polled by Reuters.

Congress elections Tuesday, should lead to losses for the Democratic Party, at least in part because of high unemployment and points of view of consumers about how Democratic President Barack Obama manages the economy.

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Earlier this month, the investigation has shown consumers economic assessments is fallen as low level since Obama assumed his functions of Government.

"Residents of almost all local areas expressed discontent économique.Il wouldn't surprise the confidence of consumers to bounce back after the elections; it would be surprising that these gains proved temporary,"Director of the investigation, Richard Curtin, said in the report on Friday.""

Generally consumer spending represents about two-thirds of U.S. economic activity and is considered to be essential to recovery.

Barometer survey of the current economic situation has decreased by 76.6 septembre.Il 79.6 October provided by 73.5 future economists.

History: Economy growing modestly in the third quarter

Gauge survey until accounted for 61.9 per, edged consumer expectations above 60.9 month last reading but as a prediction of 65 years.

Measure prospects year economic consumer survey amounted to 67 against 61 in September, but the measure on the prospects for five years decreased to 70 of 73 in September.

At the same time, the one-year inflation expectations rose measure 2.7 per cent to 2.2 per cent in September and prospects for five to 10 years inflation index up to 2.8% to 2.7% in September.

Copyright 2010 Thomson Reuters.Cliquez on restrictions.

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WASHINGTON — New U.S. claims for unemployment benefits unexpectedly fell last week, touching their lowest level in three months, according to a Thursday report stresses stability in troubled labour market.

Initial claims for State unemployment benefits fell from 11 000 to a 445,000 seasonally, the lowest since July 10 week, said the Ministry of labour.

Analysts polled by Reuters had forecast claims edging up to 455 000 reported 453,000 antérieurement.Le Government has revised figure prior week until 456,000.

Although data have little bearing on due Friday September employment report that it falls outside the investigation period, it is unlikely to change the perceptions of the Federal Reserve will be a new asset purchase month next programme to maintain low interest rates.

Non-farm payrolls was likely to unchanged last month, more than temporary employment census has ended and broke the Governments of the States and local workers dismissed, then even than hire private collected, according to a Reuters poll.

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An official of the Ministry of labour said that one State had was estimated in the week claims data dernière.La four weeks of new requests without a job, considered to be a better measure of the underlying labour market trends mean the lowest level since July 24 week to shoot the 3 000 to 455,750.

The second straight week of new demands of the most extensive unemployment benefit from a maximum of nine months of 504,000, decreases hit in mid-August.Claims are now in the upper part of the range of 400 000 - 450 000 analysts say is normally associated with the stability of the labour market.

The number of people still receiving benefits after an initial week of aid 48 000 at 4.46 million in the week ended September 25, the lowest since June 26, 4.51 million upward revised the week before.

Analysts polled by Reuters had forecast continues to supposedly claimed inclined to 4.45 million previously reported 4.46 million.

The insured unemployment rate measures the percentage of the insured labour force was unemployed, slipped to 3.5% during this period of 3.6% the week before.

The number of people on the benefits of urgency increased 157,735 to 4.1 million in the week ending September 18.

Some companies are hiring despite weakening economy .Daryl Dulaney, CEO of Siemens Industry Inc., says parent company, Siemens, USA, has 1,200 jobs vacants.Environ 40% require a background in engineering technology or information, and the company has had difficulties in finding qualified candidates, despite the high unemployment rate, Dulaney said.

And, in another sign that the labour market may be slowly healing, the Ministry of labour said advertised jobs increased by 2% to 3.2 million .c ' is the highest since April, when temporary hiring for inflated census figure this month.

Openings of employment in private firms increased slightly 2.85 million higher than 21 months.

Even with increases, the number of available jobs is by far the 4.4 million announced in December 2007, when the recession began.

Reuters and The Associated Press contributed to this report.

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WASHINGTON-new U.S. claims for unemployment benefits fell unexpectedly last week, touching the lowest level in almost three months, according to a report by the Government on Thursday, on some stability in the turbulent job market noted.

Initial claims for State unemployment 11,000 to a seasonally adjusted 445,000, the lowest since July 10 week, deleted the Labor Department said.

Analysts of from Reuters respondents had claims edging up to 455,000 of already reported 453,000 prognostiziert.Die Government revised the previous week figure up to 456,000.

Although the data little influence on September employment report due has on Friday as it outside the survey period, it does little to change perceptions, the Federal Reserve out a new asset purchase program next month roll will keep interest rates low.

State and local governments that redundant up itself as private rental, according to a survey of Reuters picked non farm payrolls were probably last month unchanged as more temporary census jobs ended and broke.

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A Labor Department officials said a State last week claims data hatte.Der estimated four-week average of new unemployment claims as a better measure for underlying labor market trends, around 3,000 to 455,750, the lowest since July 24 week fell.

The second straight week of declines in new applications for unemployment benefits pushed you further from a nine-month high of 504,000 in mid-August touched.Claims are now in the upper end of the range of 400,000 450,000 analysts say that the stability of the market work is usually associated with.

The number of people who still benefit, after a first week of aid 48,000 deleted ended 4.46 million week September 25, the lowest since June 26, from a more efficient revised 4.51 million the previous week.

Analysts who of Reuters respondents claimed shall continue to plunge to 4.45 million from a previously reported 4.46 million forecast.

The insured unemployment rate, the percentage of insured workers, the unemployed is measures, slipped by 3.5 percent during this period of 3.6% the previous week.

The number of people about emergency benefits increased 157,735 to 4.1 million in the week ended Sept. 18.

Some companies are mieten.Daryl Dulaney, Chief Executive of Siemens industry Inc., despite the weak economy USA, 1,200 job openings says his company's parent, Siemens hat.Etwa require 40 percent an engineering or information technology in the background, and the company had difficulty finding qualified candidates, despite the high unemployment rate, Dulaney said.

And in character, the labour market can be slowly healing, said the Ministry of labour is the number of jobs which advertised almost the highest 2 percent to 3.2 million stieg.Das since April, when temporary census setting that month inflated figure.

Vacancies at private companies the highest in 21 months rose slightly to 2.85 million.

Even with the rising number of available jobs far below the 4.4 million in December 2007 when the recession began is advertised.

Reuters and associated press contributed to this report.

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