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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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.