London's Economy Today - Issue 122 - October 2012

The overview

• UK economy bounces back in Q3 2012
• IMF revises downwards its growth forecasts across the globe
• London in virtual tie with New York for top ‘city of opportunity’

Economic indicators

• London firms increased their output of goods and services in September 2012
• the PMI for new orders recorded 53.8 in September 2012 compared to 56.4 in August 2012
• annual house price inflation in London was 2.1% in Q3 2012, up from 1.2% in Q2 2012

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