London's Economy Today - Issue 136 - December 2013

The overview

• falling budget deficits as UK growth quickens
• ONS data shows that London had the highest GVA per head of any UK region in 2012
• finally a deal on rules of how failing banks within the Eurozone will be dealt with from 2015

Economic indicators

• London firms increased their output of goods and services in November 2013
• the PMI for new orders recorded 64.8 in November 2013 compared to 66.4 in October 2013
• annual house price inflation in London was 9.3% in Q3 2013, up from 6.9% in Q2 2013

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