London's Economy Today - Issue 93 - May 2010

The overview

• sovereign debt problems in the eurozone loom large whilst UK inflation hits a 19-year high
• UK inflation rises again
• Greek sovereign debt crisis unnerves Governments and stock markets

Economic indicators

• London firms increased their output of goods and services in April 2010
• the PMI for new orders recorded 54.3 in April compared to 57.7 in March
• annual house price inflation in London was 13.6% in Q1 2010, up from 1.5% in Q4 2009

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