London's Economy Today - Issue 143 - July 2014

The overview

• UK GDP surpasses pre-recession peak level
• IMF forecasts faster UK growth however the world growth forecast is downgraded
• concerns about ultra-low interest rates

Economic indicators

• firms in London increased their output of goods and services in June 2014; the PMI recorded 58.4 in June 2014, compared to 60.4 in May 2014
• June 2014 saw an increase in new orders for London firms; thePMI for new orders recorded 63.0 in June 2014 up from 61.6 in May 2014
• London’s net house price balance is lower than that of England and Wales

London’s Economy Today data on the Datastore

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