London's Economy Today - Issue 134 - October 2013

The overview

• UK growth builds momentum
• IMF upgrades the UK’s growth forecast while many other countries are downgraded
• London remains the leading global financial centre with a strengthening economy

Economic indicators

• London firms increased their output of goods and services in September 2013
• the PMI for new orders recorded 64.0 in September 2013 compared to 63.5 in August 2013
• annual house price inflation in London was 10.0% in Q3 2013, up from 5.2% in Q2 2013

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