London's Economy Today - Issue 53 - January 2007

The overview

• UK interest rates on the rise
• higher inflation worrying the Bank of England
• German growth picked up last year

Economic indicators

• London firms continued to expand their output of goods and services in December 2006
• the PMI of business activity recorded 58.5 in December compared to 59.7 in November
• annual house price inflation in London was 11.3% in Q4 2006 up from 7.3% in Q3

London Economic Development Snapshot

The Snapshot aims to:

• identify and review London’s progress against the strategic priorities of the EDS
• provide a basis on which to review the priorities for London’s economic development
• act as a catalyst for directing economic development activities in London

London’s Economy Today data on the Datastore

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