The UK manufacturing activity continued to contract in October with downturns in production and new orders curtailing job creation and economic uncertainty and the cost of living crisis pushed sentiment to a 10-month low, final survey results from S&P Global revealed on Wednesday.
The Chartered Institute of Procurement & Supply final manufacturing Purchasing Managers' Index, or PMI rose to 44.8 in October.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.