London's Economy Today - Issue 110 - October 2011

The overview

• Bank of England eases monetary policy as Eurozone crisis rumbles on
• inflation jumps higher but the weakening economic outlook leads the Bank of England to renew QE
• stuttering recovery for developed world economies

Economic indicators

• London firms increased their output of goods and services in September 2011
• the PMI for new orders recorded 56.8 in September 2011 compared to 55.9 in August 2011
• annual house price inflation in London was 0.5% in Q3 2011, down from 2.9% in Q2 2011

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