London's Economy Today - Issue 145 - September 2014

The overview

• Scotland votes to remain within the United Kingdom
• European Central Bank continues the use of monetary policy in order to kick-start the Eurozone economy
• OECD revises global economic forecasts down

Economic indicators

• firms in London increased their output of goods and services in August 2014 (with a PMI of 58.7 in August 2014, compared to 59.7 in July 2014)
• august 2014 saw an increase in new orders for London firms (the PMI for new orders recorded 58.1 in August 2014 down from 59.9 in July 2014)
• house prices were higher in Q2 2014 than in Q2 2013 for London and the UK

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