London's Economy Today - Issue 86 - October 2009

The overview

• UK economy now in its longest recession since quarterly records began in 1955
• UK CPI inflation falls to its lowest for five years but is likely to rise soon
• The UK takes top spot in the World Economic Forum’s Financial Development Report

Economic indicators

• London firms increased their output of goods and services in September 2009
• the PMI for new orders recorded 53.5 in September compared to 50.7 in August
• annual house price inflation in London was -1.9% in Q3 2009, up from -10.2% in Q2 2009.

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