London's Economy Today - Issue 77 - January 2009

The overview

• UK economy in recession and interest rates cut to their lowest ever
• the High Street faces tough times
• interest rates cut to a historic low

Economic indicators

• London firms decreased their output of goods and services in December 2008
• the PMI for new orders recorded 39.9 in December compared to 41.5 in November
• the net house price expectations balance in London was -90 in December 2008, down from -72 in November

London’s Economy Today data on the Datastore

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