ECONOMIC INDICATORS
UK
- Gross Domestic Product (GDP) increased 1.1% in the second quarter of 2010, compared with an increase of 0.3% in the previous quarter.
- Year on year, overall production output in June 2010 was 1.3% higher than in June 2009.
- Year on year, output of the Service sector for May 2010 rose 2.1% compared with May 2009.
LONDON
- London’s annual growth in output increased to –2.6% in Q4 2009 from -4.8% in Q3 2009.
- London’s annual employment growth remained at –2.4 % in Q4 2009 (the figure for Q3 2009 has been revised down from -2.2% to -2.4%).
- The percentage of the resident working age population who are unemployed and claiming Jobseeker’s Allowance in London was 4.2% in June 2010. There were 213,000 unemployment claimants in London in June 2010 compared with a downwardly revised 215,600 in May.
US
- Real gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of 2010, following an increase of 3.7% in the first quarter of 2010.
- The U.S. current account deficit increased to $109.0 billion, or 3.0% of GDP in the first quarter of 2010, up from $100.9 billion in the fourth quarter of 2009, or 2.8% of GDP.
- U.S.-owned assets abroad increased $300.8 billion in the first quarter of 2010 after increasing $8.7 billion in the fourth quarter of 2009. Foreign-owned assets in the United States increased $332.1 billion in the first quarter of 2010 after increasing $103 billion in the fourth quarter of 2010.
NY
- Private employment rose by 5,000 in May 2010, after an increase of 15,300 jobs in April. (Source: New York State Dept. of Labour)
- The unemployment rate fell to 9.6% in May 2010 from 9.8% in April. (Source: New York State Dept. of Labour)
- The Manhattan hotel occupancy rate in May 2010 was 92.0 %, up from 84.7% in May 2009. (Source: New York State Dept. of Labour)
Transatlantic Investments
US Investments into the UK
- ServiceSource Launches Service Centre in UK
- Mission Workshop Sets Up Base in London
- Volante Expands Operations Into EMEA & Opens London Office
- Infegy Expands Global Operations with New European Office
- Contour Energy Systems Establishes Subsidiary in UK
- Avista Capital Partners Opens London Office
UK Investments into the US
- PNMsoft Opens Office in California
- ClinTec International Launches New York Office
- Tate & Lyle Focuses on US HQ Relocation
- Intertek Launches Pennsylvanian Laboratory
Figures generously provided by BritishAmerican Business
