Eurozone manufacturing activity contracted further in March as the rising cost of living and tighter monetary policy took its toll on demand but record improvement in suppliers' delivery times supported production, final data from S&P Global showed on Monday.
The manufacturing Purchasing Managers' Index, or PMI, fell to a four-month low of 47.3 in March from 48.5 in February. Nonetheless, the score was above the flash estimate of 47.1.
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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.