London's Economy Today - Issue 74 - October 2008

The overview

• central banks coordinate interest rate cuts amidst banking crisis
• Government intervenes in the UK banking sector
• other financial market news

Economic indicators

• London firms increased their output of goods and services in September 2008
• the PMI of business activity recorded 51.1 in September compared to 51.2 in August
• annual house price inflation in London was –9.4% in Q3 2008, down from -2.3% in Q2 2008

The LDA’s London Annual Business Survey (LABS)

• LABS is the annual survey of private sector businesses in London
• performance of businesses in London
• problems/constraints on businesses 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.