New York is typically a stronger source of financial services foreign direct investment (FDI) than it is a destination. This became more clear in the year ending October 2018.
The US’s top financial centre, New York attracted a total of $124m-worth of investment projects against the $2.4bn it generated over the same period, according to estimates by greenfield monitor fDi Intelligence. Respectively, these figures represent a contraction and an expansion on the previous year, and mirror the trend for overall capital expenditure in the top 10 US financial centres across inward and outward tables.