The euro area private activity slipped into a deep downturn in October as both manufacturing and services sectors contracted at faster rates, flash survey results from S&P Global showed Monday. The S&P Global composite output index fell to a 23-month low of 47.1 in October from 48.1 in the previous month. The reading was also below economists' forecast of 47.5.The index has remained below 50.0 lev...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.