London's Economy Today - Issue 72 - August 2008

The overview

• UK growth grinds to a halt
• business confidence declines to a new record low
• inflation increasing

Economic indicators

• London firms decreased their output of goods and services in July 2008
• the PMI of business activity recorded 46.2 in July compared to 46.4 in June
• annual house price inflation was negative in London for the fi rst time since Q2 2005

Snapshot mid-year update

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.