London's Economy Today - Issue 87 - November 2009

The overview

• UK economy stabilising but recovery will be bumpy
• UK output has long way to recover to get back to its peak in early 2008
• London firms outward looking into global markets

Economic indicators

• London firms increased their output of goods and services in October 2009
• the PMI for new orders recorded 58.2 in October compared to 53.5 in September
• annual house price inflation in London was -8.1% in Q3 2009, up from -18.2% in Q2 2009

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