London's Economy Today - Issue 24 - August 2004

The overview

• UK growth, interest rates and oil prices all up
• recovery in central London office market demand
• UK economic growth gained pace in Q2

Economic indicators

• London firms continued to expand their output of goods and services in July
• despite increasing growth, London’s annual GVA growth is slower than in the rest of the UK
• annual house price growth in London increased to 10.6% from 5.2% in Q1

How well do cities perform? The answer – it depends.

The measures:

• Constant Price Euros
• Consumer Purchasing Power Parities Real Output
• Producer Purchasing Power Parities Output

London’s Economy Today data on the Datastore

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