October UK/USA Investment news

Financial Indicators

UK Investment news

• GDP increased by 1.2% in the second quarter of 2010, unrevised from previously published. GDP in the second quarter of 2010 is now 1.7% higher than the second quarter of 2009.
• CPI annual inflation was 3.1% in August 2010, unchanged from July. In the year to August, RPI annual inflation was 4.7%, down from 4.8% in July.
• Year on year, overall production output in August 2010 was 4.2% higher than in August 2009.

London Investment news

• London’s annual growth in output increased to –0.4% in Q1 2010 from a downwardly revised -2.7% in Q4 2009.
• London’s annual employment growth increased to -1.7% in Q1 2010 from -2.4% in Q4 2009.
• Annual house price inflation in London increased to 16.2% in Q2 2010, from 12.4% in Q1 2010

USA Investment news

• Real gross domestic product (GDP) grew at an annual rate of 1.7% in the second quarter of 2010.  This follows a growth rate of 3.7% in the first quarter.
• Personal income increased $30.0 billion, or 0.2%, and disposable personal income (DPI) increased $17.6 billion, or 0.2%, in July 2010.  Personal consumption expenditures (PCE) increased $44.1 billion, or 0.4%.
• The U.S. current-account deficit increased to $123.3 billion, or 3.4% of GDP in the second quarter of 2010, up from $109.2 billion in the first quarter of 2010, or 3.0% of GDP.

NY Investment news

• Private employment rose by 27,700 in July 2010, after a decrease of 9,000 jobs in June. (Source: New York State Dept. of Labour)
• The unemployment rate fell to 9.4% in July 2010 from 9.5% in June. (Source: New York State Dept. of Labour)
• The Manhattan hotel occupancy rate in July 2010 was 88.3 %, up from 85.2% in July 2009. (Source: New York State Dept. of Labour)

Transatlantic Investments

US Investments into the UK

• BurstNet Technologies Launches Subsidiary in UK
• e-DMZ  Security Opens UK Office
• Hibernia Atlantic Opens New Office in London
• Wikia Opens London Office

UK Investments into the US

• Archimedes Pharma Opens US Headquarters
• Derivation Software Opens New York Office
• Active Silicon Opens New Office in Maryland
• Blade Dynamics Expands to New Orleans

Figures generously provided by BritishAmerican Business

Tags: FDI, UK Inward Investment

This entry was posted on Monday, November 1st, 2010 at 9:04 am by Paul Beare and is filed under Investment 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.