London's Economy Today - Issue 99 - November 2010

The overview

• Ireland asks for a bailout as economic divergence within the Eurozone increases
• Federal Reserve extends quantitative easing as US recovery remains weak
• turnover growth expectations amongst UK firms rise

Economic indicators

• London firms increased their output of goods and services in October 2010
• the PMI for new orders recorded 53.1 in October 2010 compared to 50.8 in September 2010
• annual house price inflation in London was 5.7% in Q3 2010, down from 11.0% in Q2 2010

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