March Investment News

Economic Indicators

UK

• Gross domestic product increased by 0.3% in the fourth quarter of 2009. This has been revised from a rise of 0.1% in the preliminary estimate of GDP. GDP is 3.3% lower than the fourth quarter of 2008.
• Output price annual inflation for all manufactured products rose 4.1% in February. Input price annual inflation rose 6.9% in February compared to a rise of 7.7% in January.
• Year on year, overall production output in January 2010 was 1.5% lower than in January 2009.

LONDON

• In the most recent 28-day period, (From 13 December 2009 to 9 January 2010) London’s Underground and buses had 211.6 million passenger journeys; 142.8 million by bus and 68.8 million by underground.
• The moving average annual rate of growth in passenger journeys decreased to -0.8% from an upwardly revised -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 4.5% in January 2010. There were 229,600 unemployment claimants in London in January 2010 compared with an upwardly revised 226,700 in December 2009.

US 

• Real gross domestic product (GDP) rose at an annual rate of 5.9% in the fourth quarter of 2009, 0.2 percentage point more than in the advance estimate.  Real GDP increased 2.2% in the third quarter of 2009.
• Personal income increased $11.4 billion, or 0.1% and disposable personal income (DPI) decreased $47.6 billion, or 0.4%, in January, according to the Bureau of Economic Analysis. 
• The U.S. international trade deficit in goods and services in January 2010 decreased 6.6% to $37.3 billion.  Exports declined 0.3% to $142.7 billion, and imports decreased 1.7% to $180.0 billion.  

NY

• Private employment fell by 6,300 in December 2009, after a loss of 1,400 jobs in November. (Source: New York State Dept. of Labour)
• The unemployment rate rose to 10.6% in December 2009 from 10.0% in November. (Source: New York State Dept. of Labour)
• The Manhattan hotel occupancy rate in December 2009 was 85.8%, up from 81.9% in December 2008. (Source: New York State Dept. of Labour)

Investment Indicators

• Foreign Direct Investment Falls Sharply in 2009
• London Maintains Position as Europe’s Top Overseas Investment Location

Transatlantic Investments

US Investments into the UK

• ARX Opens UK Office 
• ORC Expands With New Office in the UK
• RTI Health Solutions Opens Sheffield, UK Office 
• Stemgent to Invest in UK
• IBM Opens UK IT Support Centre
• Seagate to Invest £60 Million in Northern Ireland
• SunGard Establishes UK Operation 
• CyberSource Expands R&D Activities in Northern Ireland

UK Investments into the US

• Enigma Diagnostics Opens US Regional HQ
• Tanfield Plans New US Expansion

Figures kindly provided by BritishAmerican Business

Tags: UK Inward Investment

This entry was posted on Wednesday, March 31st, 2010 at 8:00 am by Paul Beare and is filed under Investment News, News, UK accounting, USA. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.