London's Economy Today - Issue 130 - June 2013

The overview

• the Government unveils the spending round for 2015/16
• Business confidence in London rising
• data revisions increase the ‘peak-to-trough’ fall of the 2008-09 recession but remove the ‘double-dip’ recession

Economic indicators

• London firms increased their output of goods and services in May 2013
• the PMI for new orders recorded 56.9 in May 2013 compared to 54.8 in April 2013
• annual house price infl ation in London was 6.3% in Q1 2013, up from 4.9% in Q4 2012

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