London's Economy Today - Issue 121 - September 2012

The overview

• central banks take action in an attempt to stabilise the world economy
• Business confidence in London may have fallen back in early summer
• two London universities rated in the top 10 in the world

Economic indicators

• London firms increased their output of goods and services in August 2012
• the PMI for new orders recorded 56.4 in August 2012 compared to 54.2 in July 2012
• annual house price inflation in London was 6.2% in Q2 2012, up from 2.3% in Q1 2012

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