London's Economy Today - Issue 36 - August 2005

The overview

• interest rates cut despite rising inflation
• bank lowers interest rates as UK growth remains weak
• record high oil prices

Economic indicators

• London firms continued to expand their output of goods and services in July 2005
• the Purchasing Managers’ Index (PMI) of business activity recorded 55.4 in July, only slightly down from 56.2 in June
• the RICS survey showed a negative net balance for London house prices of -26 in July

Reluctant Retailers?

The link between retail and regeneration.

London’s Economy Today data on the Datastore

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