The euro area manufacturing activity contracted for the fourth consecutive month in October signaling a recession, final survey results from S&P Global showed on Wednesday. The manufacturing Purchasing Managers' Index declined to 46.4 in October from 48.4 in the previous month. The score was below the preliminary estimate of 46.6. Output and new orders declined at rates rarely surpassed across th...
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Business News
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.