London's Economy Today - Issue 126 - February 2013

Date published: 
28 February 2013

The overview

  • UK government debt downgraded by Moody’s to AA1
  • Eurozone remains in recession
  • inflation constant as the Bank of England publishes their new Inflation Report

Economic indicators

  • London firms increased their output of goods and services in January 2013
  • the PMI for new orders recorded 53.9 in January 2013 compared to 52.2 in December 2012
  • annual house price inflation in London was -1.1% in Q4 2012, down from a downwardly-revised 3.3% in Q3 2012

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