The downturn in UK manufacturing continued in September, though the latest contraction was the slowest in four months, signaling that the sector is sliding into a recession, monthly survey data showed Tuesday.
The IHS Markit/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index rose unexpectedly to 48.3 in September from August's six-and-a-half year low of 47.4. Economists had forecast the reading to drop to 47.0.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.