London's Economy Today - Issue 141 - May 2014

The overview

• interest rates "may stay at historically low levels for some time"
• UK GDP growth continues into the fi rst three months of 2014
• OECD downgrades its global growth forecasts for 2014

Economic indicators

• London firms increased their output of goods and services in April 2014 (the PMI being 62.0 in April 2014, compared to 59.5 in March 2014)
• April 2014 saw an increase in new orders for London firms (the PMI for new orders being 61.6 in April 2014 compared to 60.6 in March 2014)
• surveyors expect house prices to rise over the next three months in London and in England and Wales

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