UK Service Sector Growth Improves On Output, Orders

UK Economy Expands Unexpectedly

The UK economy expanded unexpectedly in July as artificial intelligence and cloud computing boosted services output, official data revealed Friday. Gross domestic product posted a monthly growth of 0.4 percent, following an increase of 0.3 percent in June and no growth in May, the Office for National Statistics reported. GDP was expected to remain flat in July.

RTTNews | 1 day ago

UK House Prices Fall For First Time Since 2023

UK house prices declined for the first time since late 2023 in August, data published by Lloyds Banking Group showed Monday. House prices dropped 0.4 percent on an annual basis in July, marking the first decrease since November 2023. The drop followed a marginal 0.1 percent rise in July.

RTTNews | 5 days ago

UK Mortgage Approvals Lowest Since 2024

UK mortgage approvals declined to the lowest since early 2024, while consumer credit reached its highest level since late 2025, the Bank of England said Tuesday. The number of mortgages approved in July declined unexpectedly to 56,053 from 58,215 in June. This was the lowest since January 2024.

RTTNews | 11 days ago

UK House Price Growth Accelerates

UK house price growth accelerated in August despite economic uncertainties, data from the Nationwide Building Society showed Tuesday. House prices grew 1.6 percent on a yearly basis, faster than the 1.4 percent rise in July but weaker than economists' forecast of 2.0 percent. Month-on-month, house prices gained 0.2 percent, in contrast to the 0.1 percent fall in July.

RTTNews | 11 days ago

U.K. Inflation Rises On Household Energy Bills

U.K. consumer price inflation accelerated in July as the Middle East crisis stoked household energy prices, official data showed Wednesday. The consumer price index posted an annual growth of 2.9 percent in July, faster than the 2.6 percent rise in June, the Office for National Statistics said. This was the highest in four months and matched economists' expectations.

RTTNews | 24 days ago

UK Labor Market Shows Signs Of Cooling

The UK unemployment rate remained stable at 4.9% in the three months to June, while job vacancies fell by 6,000 and payroll employment declined 94,000 year-over-year, signaling weakness in the labor market.

RTTNews | 25 days ago

UK Q2 GDP Expands 0.4% On Household Spending, Investment

The UK economy grew 0.4% in Q2 as household consumption and gross fixed capital formation drove expansion. Household spending rose 0.3% while business investment climbed 1.7%. Government spending declined 0.3%, the Office for National Statistics reported.

RTTNews | 30 days ago

UK Lloyds House Prices Remain Unchanged

UK house prices stalled in July amid a more uncertain economic backdrop this year, data published by Lloyds Banking Group showed Friday. House prices posted a flat growth in July, following a 0.2 percent rise in June. Prices were expected to climb again by 0.2 percent.

RTTNews | 36 days ago

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