London's Economy Today - Issue 102 - February 2011

The overview

• inflationary pressures rise as the oil price breaks through $100 per barrel
• UK consumer confidence is weak
• London’s economy has many specialisations

Economic indicators

• London firms increased their output of goods and services in January 2011
• the PMI for new orders recorded 57.4 in January 2011 compared to 50.5 in December 2010
• annual house price inflation in London was -2.8% in Q4 2010, down from 5.7% in Q3 2010

London’s Economy Today data on the Datastore

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