London's Economy Today - Issue 124 - December 2012

The overview

• Chancellor’s Autumn Statement announces measures to boost growth though austerity will last longer
• Economic prospects for the Eurozone look bleak in 2013
• recovery to remain bumpy and at risk from the US ‘fiscal cliff’

Economic indicators

• London firms increased their output of goods and services in November 2012
• the PMI for new orders recorded 52.9 in November 2012 compared to 52.6 in October 2012
• annual house price inflation in London was 5.7% in Q3 2012, down from a downwardly-revised 6.0% in Q2 2012

London’s Economy Today data on the Datastore

• London’s Economy Today on the Datastore has more interaction and a greater personal focus.