UK house prices continued to log double-digit annual growth in May underpinned by the improvement in the labor market, data from the Nationwide Building Society showed on Wednesday.
House prices grew 11.2 percent on a yearly basis in May, following the 12.1 percent increase in April. Nonetheless, the annual growth was faster than the economists' forecast of 10.5 percent. On a monthly basis, house price inflation more than doubled to 0.9 percent from 0.4 percent. Prices increased for the tenth consecutive month. Economists had expected a monthly rate of 0.6 percent.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.