London's Economy Today - Issue 108 - August 2011

The overview

• fear of slower growth and Government debt problems in Europe and the US hits world stock markets
• disturbances knock some businesses
• expectations of weak UK growth and infl ation to rise further before falling back next year

Economic indicators

• London firms increased their output of goods and services in July 2011
• the PMI for new orders recorded 60.1 in July 2011 compared to 57.9 in June 2011
• annual house price inflation in London was -1.4% in Q2 2011, up from -5.4% in Q1 20111

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