Euro area manufacturing slowdown worsened in July amid steeper declines in output, new orders and purchases, signaling that the economy is heading into a recession, final survey results from S&P Global showed on Tuesday.Official data showed that the unemployment rate remained unchanged at a record low in June despite the weak economic activity. The HCOB final factory Purchasing Managers' Index, or...
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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.