London's Economy Today - Issue 94 - June 2010

The overview

• budget sets out tough path for necessary fiscal consolidation
• London remains the most attractive European city for inward investment
• fragility in the Spanish banking sector

Economic indicators

• London firms increased their output of goods and services in May 2010
• the PMI for new orders recorded 52.4 in May compared to 54.3 in April
• The DCLG reported a rise in annual house prices in both London and the UK in Q1 2010

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