Business
CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026
CoStar Data Shows U.K. Economy Outperformed Growth Expectations in Q1 2026
About this update from Costar Group, Inc.
[{"type":"text","content":" LONDON--(BUSINESS WIRE)--\nLed by broad increases across the services sector, the U.K. economy expanded in March, according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.\n\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518451277/en/U.K. Economy Outperformed Growth Expectations in Q1 2026\nQuarterly growth reached 0.6%, up from 0.1% in the final three months of 2025, with March expanding by 0.3%.\n\n\nConstruction also returned to growth, rising 0.4%, largely driven by repair and maintenance activity rather than new projects. Meanwhile, production output, including manufacturing, edged up 0.2%.\n\n\n“The latest U.K. PMI data points to a stronger-than-expected economic backdrop,” said Patrick Scanlon, senior director of market analytics at CoStar Europe. “With manufacturing output rising to a near four-year high (53.6 in April) and services activity continuing to expand at a steady pace (52.7).”\n\n\nOn a monthly basis, the most significant drag on gross domestic product came from a 6.4% decline in travel agency and tour operator activity.\n\n\nThe full analysis can be found here.\n\n\nFor more information about the company and its products and services, please visit www.costargroup.com.\n\n\nAbout CoStar Group\n\n\nCoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.\n\n\nCoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, a...