London's Economy Today - Issue 132 - August 2013

The overview

• UK economic recovery gathers pace as Bank of England introduces ‘Forward Guidance’
• signs of recovery in many developed economies while emerging markets slow down
• positive indicators for the UK economy imply a rosier end to 2013 and a better 2014

Economic indicators

• London firms increased their output of goods and services in July 2013
• the PMI for new orders recorded 59.6 in July 2013 compared to 58.7 in June 2013
• annual house price inflation in London was 6.6% in Q2 2013, up from 4.0% in Q1 2013

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