London's Economy Today - Issue 144 - August 2014

The overview

• Bank of England forecasts robust UK growth for this year and next
• Eurozone GDP growth stalls
• indications of a slowdown in the London housing market

Economic indicators

• firms in London increased their output of goods and services in July 2014, as the PMI recorded 59.7 in July 2014, compared to 58.4 in June 2014
• new orders in London are rising with the PMI decreasing from 59.2 in November 2014 to 58.7 in December 2014
• house prices were higher in Q2 2014 than in Q2 2013 for London and the UK

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