FOREX TradingCharts.com

Financial News: UK Halifax House Price Growth Slows In May

UK Halifax House Price Growth Slows In May

06/07/2019 - 03:54:00 (RTTNews)

(RTTNews) - UK house prices increased at a slower pace in May, figures from the Lloyds Bank subsidiary Halifax and IHS Markit showed Friday.

House prices grew only 0.5 percent month-on-month in May after gaining 1.2 percent in April. Nonetheless, this was the second consecutive rise in prices and above the forecast of flat growth.

On a yearly basis, house prices increased 5.2 percent in three months to May compared to the 5 percent growth in three months to April. Economists had forecast the rate to remain steady at 5 percent.

Despite the ongoing political and economic uncertainty, underlying conditions in the broader economy continue to underpin the housing market, particularly the twin factors of high employment and low interest rates, Russell Galley, managing director, Halifax, said.

Galley expects the current trend of stability based on high employment and low interest rates to persist over the coming months, though clearly any downturn in the wider economy would be keenly felt in the housing market.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Russia Slashes Key Interest Rate, Signals More Easing (51 min(s), 20 sec(s) ago)
(RTTNews) - Russia's central bank cut the key interest rate for the first time in over a year ...Full Story»

U.S. Business Inventories Climb In Line With Estimates In April (52 min(s), 20 sec(s) ago)
(RTTNews) - After reporting virtually no change in U.S. business inventories in the previous month ...Full Story»

U.S. Consumer Sentiment Deteriorates Amid Concerns About Higher Tariffs (45 min(s), 20 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has deteriorated in the month of June, according to a r ...Full Story»

U.S. Industrial Production Rises More Than Expected In May (30 min(s), 20 sec(s) ago)
(RTTNews) - Reflecting a substantial rebound in utilities output, the Federal Reserve released a r ...Full Story»

U.S. Retail Sales Rise 0.5% In May, April Data Revised Significantly Higher (48 min(s), 20 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed U.S. retail sales rose b ...Full Story»

U.S. Retail Sales Climb 0.5% In May (11 min(s), 20 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday showed U.S. retail sales rose b ...Full Story»

China Industrial Production Growth Weakens (37 min(s), 20 sec(s) ago)
(RTTNews) - China's industrial output grew at a weaker pace in May as higher tariffs imposed b ...Full Story»

Italy's Inflation At 13-Month Low (12 min(s), 20 sec(s) ago)
(RTTNews) - Italy's consumer price inflation slowed more than initially estimated to a 13-mont ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Business Inventories Climb In Line With Estimates In April

06/14/2019 - 10:19 AM (RTTNews)
(RTTNews) - After reporting virtually no change in U.S. business inventories in the previous month ...Full Story>>

Russia Slashes Key Interest Rate, Signals More Easing

06/14/2019 - 10:18 AM (RTTNews)
(RTTNews) - Russia's central bank cut the key interest rate for the first time in over a year ...Full Story>>

U.S. Consumer Sentiment Deteriorates Amid Concerns About Higher Tariffs

06/14/2019 - 10:12 AM (RTTNews)
(RTTNews) - Consumer sentiment in the U.S. has deteriorated in the month of June, according to a r ...Full Story>>

U.S. Industrial Production Rises More Than Expected In May

06/14/2019 - 09:57 AM (RTTNews)
(RTTNews) - Reflecting a substantial rebound in utilities output, the Federal Reserve released a r ...Full Story>>

U.S. Retail Sales Rise 0.5% In May, April Data Revised Significantly Higher

06/14/2019 - 09:15 AM (RTTNews)
(RTTNews) - A report released by the Commerce Department on Friday showed U.S. retail sales rose b ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.