UK manufacturing contraction worsened in December as output, new orders, and employment declined at faster rates due to subdued demand conditions both domestically and internationally impacted by price pressures and increased market volatility, final results of the purchasing managers' survey by S&P Global showed Tuesday.
The S&P Global/Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index fell to a 31-month low of 45.3 in December from 46.5 in November. The index has remained below the neutral 50.0 mark for five successive months. Nonetheless, the score was above the flash estimate of 44.7.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.