London's Economy Today - Issue 12 - August 2003

The overview

• short summer boost or turning point?
• first, the disappointing second quarter output data
• small signs of recent improvement, especially in London

Economic indicators

• business activity in London and the UK continued to improve since the Iraq war
• London firms increased their business activity in June more than UK firms, for the first time since November 2002
• London house prices showed signs of more stability in June than in past months

The state of London’s housing market and ‘sub-markets’

• housing in London
• can we afford it?
• what does it mean for Londoners and the economy?

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