The British manufacturing downturn worsened in May, as output, new orders and employment all fell at faster rates amid headwinds of weak domestic and foreign market conditions and client de-stocking, survey results from S&P Global revealed Thursday.
The Chartered Institute of Procurement & Supply manufacturing Purchasing Managers' Index, or PMI, dropped to a four-month low of 47.1 in May from 47.8 in March. The flash estimate was 46.9.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.