A report released by the Federal Reserve Bank of Philadelphia on Thursday showed a continued contraction in regional manufacturing in the month of May, although the pace of contraction slowed by more than expected.The Philly Fed said its diffusion index for current activity surged to a negative 10.4 in May from a negative 31.3 in April.While a negative reading still indicates a contraction in regi...
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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.