London's Economy Today - Issue 135 - November 2013

The overview

• UK inflation heads back towards target as the economy strengthens
• European Central Bank cuts interest rates to a record low
• London’s business confidence equals all-time high

Economic indicators

• London firms increased their output of goods and services in October 2013
• the PMI for new orders recorded 66.4 in October 2013 compared to 64.0 in September 2013
• house prices, as measured by Halifax, were higher in Q3 2013 than in Q3 2012 in London and in the UK

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