London's Economy Today - Issue 112 - December 2011

The overview

• economy weakens as Eurozone sovereign debt crisis remains unresolved
• no easy solution to the Eurozone sovereign debt crisis
• gloomy economic prospects for the new year

Economic indicators

• London firms decreased their output of goods and services in November 2011
• the PMI for new orders recorded 52.2 in November 2011 compared to 52.9 in October
• annual house price inflation in London increased to 2.3% in Q3 2011 from 2.2% in Q2 2011

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