London's Economy Today - Issue 85 - September 2009

The overview

• stock market recovery but economy remains fragile
• recent housing market pick-up could stall
• UK “easiest” European economy in which to do business

Economic indicators

• London firms increased their output of goods and services in August 2009
• the PMI Index of new orders fell to 50.7 from 51.3 in July
• the DCLG reported a fall in annual house prices in both London and the UK in Q2 2009

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