The downturn in the UK manufacturing sector deepened in December as production decreased the most since July 2012 in response to falling orders from both domestic and foreign markets.
The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers' Index fell to 47.5 in December, the second-weakest level for almost seven-and-a-half years, final data showed Thursday.
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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.