London's Economy Today - Issue 104 - April 2011

The overview

• UK economy grows moderately in Q1 2011
• Portugal asks for financial assistance and the chances of a Greek debt default rise
• Independent Commission on Banking releases its interim report

Economic indicators

• London firms increased their output of goods and services in March 2011
• the PMI for new orders recorded 56.5 in March 2011 compared to 54.8 in February 2011
• annual house price inflation in London was 2.1% in Q1 2011, down from a downwardly revised 2.5% in Q4 2010

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