London's Economy Today - Issue 114 - February 2012

The overview

• falling inflation and the Bank of England extends quantitative easing
• Moody’s express concerns on the UK’s AAA rating
• slow UK growth expected in 2012

Economic indicators

• annual house price inflation in London was 8.1% in Q4 2011, up from 2.5% in Q3 2011
• the PMI for new orders recorded 56.6 in January 2012 compared to 54.6 in December 2011
• annual house price inflation in London increased to 3.8% in Q4 2011 from 2.3% in Q3 2011

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