Economic Indicators
UK
- Gross domestic product contracted by 0.3% in the third quarter of 2009. This has been revised from a fall of 0.4% in the preliminary estimate of GDP, due to upward revisions to services. GDP is 5.1% lower than the third quarter of 2008.
- CPI annual inflation was 1.5% in October, up from 1.1% in September.
- Total production output decreased by 0.8% in the third quarter of 2009 compared with the previous quarter and fell 10.5% against the third quarter of 2008.
LONDON
- In the most recent 28-day period, (From 20 September 2009 to 17 October 2009) London’s Underground and buses had 268.4 million passenger journeys; 184.2 million by bus and 84.2 million by underground.
- The moving average annual rate of growth in passenger journeys decreased to 0.0% from 0.3% in the previous period.
- The percentage of the resident working age population who are unemployed and claiming Jobseeker’s Allowance in London was 4.6% in October 2009. There were 232,200 unemployment claimants in London in October 2009 compared with an upwardly revised 227,600 in September 2009.
US
- Real gross domestic product (GDP) increased at an annual rate of 2.8% in the third quarter of 2009. This follows a decrease of 0.7% in the second quarter.
- Personal income increased $30.1 billion, or 0.2%, and disposable personal income (DPI) increased $45.7 billion, or 0.4%, in October 2009. In September, personal income increased $20.7 billion, or 0.2% percent, DPI increased $21.3 billion, or 0.2%
- The U.S. international trade deficit in goods and services in September 2009 increased 18.2% to $36.5 billion. Exports increased 2.9% to $132 billion, and imports increased 5.8% to $168.4 billion.
NY
- Private employment fell by 24,200 in September, after a loss of 3,700 jobs in August. (Source: New York State Dept. of Labour)
- The unemployment rate rose to 10.3% in September from 10.2% in August. (Source: New York State Dept. of Labour)
- The Manhattan hotel occupancy rate in September 2009 was 88.7 %, up from 86.8% in September 2008. (Source: New York State Dept. of Labour)
Transatlantic Investment
US Investments into the UK
- Stratify Launches London Office
- TREK Diagnostic to Expand with New Site in UK
UK Investments into the US
- Titan Software Opens US Subsidiary
- Enigma to Relocate US HQ
- Outer Temple Chambers Expands into the US
- Cmed Group Launches New US Office
Figures kindly provided by BritishAmerican Business
Tags: UK Inward Investment
