London's Economy Today - Issue 100 - December 2010

The overview

• Ireland bailout is finalised but stresses remain in Eurozone sovereign bond markets
• OBR forecasts higher growth in 2010 but slower growth in 2011
• business confidence declines

Economic indicators

• London firms increased their output of goods and services in December 2010
• the PMI for new orders recorded 54.9 in November 2010 compared to 53.1 in October 2010
• the DCLG reported a fall in annual house price inflation in both London and the UK in Q3 2010

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