UK house prices logged a faster growth in April despite geopolitical tensions in the Middle East and rising energy prices, data published by Nationwide Building Society showed Friday. House prices grew by more-than-expected 3.0 percent on a yearly basis in April, following an increase of 2.2 percent in March. Prices were expected to rise again […]
UK house prices increased at a faster pace in March suggesting that the housing market regained some momentum, data from the Nationwide Building Society showed Tuesday. The annual growth in house prices rose to 2.2 percent in March from 1.0 percent in February. Subscribe to continue reading the article. This article is part of our
UK retail sales decreased for the first time in three months in February, though at a slower-than-expected pace, data from the Office for National Statistics showed on Friday. The seasonally adjusted retail sales volume posted a monthly fall of 0.4 percent in February, reversing a 2.0 percent growth in January, which was the strongest growth
UK house prices grew at a steady pace in February, reflecting a moderate recovery from a fall at the end of the last year, mortgage lender Nationwide Building Society said Monday. House prices posted an annual increase of 1.0 percent, the same rate of growth as seen in January. The rate was faster than the
UK consumer price inflation eased to a ten-month low in January on weaker fuel and food costs, raising expectations of an interest rate reduction by the Bank of England. The consumer price index posted an annual increase of 3.0 percent, the Office for National Statistics reported Wednesday. This was the lowest inflation since March 2025,
The UK manufacturing sector strengthened in January with growth in both output and new orders accelerating, final data from S&P Global showed Monday. The final manufacturing Purchasing Managers’ Index rose to a 17-month high of 51.8 in January from 50.6 in December and exceeded the earlier flash estimate of 51.6. Manufacturing output increased for the
The UK private sector grew the most since early 2024 in January, signalling continued economic resilience despite geopolitical tensions, flash survey results published by S&P Global showed Friday. The headline composite output index rose more-than-expected 53.9 in January, up from 51.4 in December. The expected score was 51.7. The index has remained above the neutral
UK inflation accelerated more than expected in December on airfares and tobacco prices but it is expected to slow to the 2 percent target as the impact of utility price hikes drop out of annual comparisons. The consumer price index posted an annual growth of 3.4 percent in December after rising 3.2 percent in November,
The UK service sector logged further subdued growth at the end of the fourth quarter, final survey results from S&P Global showed on Tuesday. The S&P Global Services Purchasing Managers’ Index posted 51.4 in December, up slightly from 51.3 in November. The flash score was 52.1. The persistent marginal expansion was attributed to challenging business
UK shop price inflation accelerated in December due to higher increase in food prices, the British Retail Consortium said on Monday. The shop price index posted an annual growth of 0.7 percent in December, following an increase of 0.6 percent in November. This was in line with the three-month average of 0.7 percent. Non-food prices
UK inflation slowed more than expected in November, strengthening the call for an interest rate reduction this week, official data revealed on Wednesday. The consumer price index rose 3.2 percent year-on-year, slower than the 3.6 percent increase in October, the Office for National Statistics said. Inflation was forecast to ease marginally to 3.5 percent. On
The UK manufacturing sector contracted at the steepest pace in five months in September amid weak demand in both domestic and foreign markets, survey results from S&P Global showed on Wednesday. The factory Purchasing Managers’ Index fell to a five-month low of 46.2 in September from 47.0 in August. The flash estimate was also 46.2.
The UK economy grew at a slower pace in the second quarter as increases in services and construction were partially offset by the contraction in production, the Office for National Statistics reported Tuesday. Real gross domestic product expanded by an unrevised 0.3 percent in the second quarter, following a quarterly growth of 0.7 percent in
UK private sector output expanded at the slowest pace in four months in September amid deceleration in services growth along with continued contraction in the manufacturing production, flash survey results from S&P Global revealed on Tuesday. The composite output index dropped to 51.0 in September from August’s 1-year high of 53.5. Nonetheless, a score above
UK retail sales increased for the third straight month in August, the Office for National Statistics reported Friday. Retail sales volume increased 0.5 percent in August from a month ago. This followed a similar revised 0.5 percent increase seen in July and outpaced economists’ forecast of 0.4 percent gain. Moreover, this was the third consecutive
The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed
UK house prices grew at the fastest pace in six months in July as the property market started to stabilize following the end of the stamp duty holiday, data from the mortgage lender Halifax revealed on Thursday. House prices increased by more-than-expected 0.4 percent in July from June. Prices were expected to grow at a
