London's Economy Today - Issue 65 - January 2008

The overview

• US Federal Reserve makes dramatic cuts in interest rates
• volatility in global equity markets
• credit crunch still a major problem

Economic indicators

• London firms continued to expand their output of goods and services in December 2007
• the PMI for new orders recorded 53.0 in December compared to 51.6 in November
• Annual house price infl ation in London fell substantially to 4.4% in Q4 2007 from 18.5% 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.