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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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.