The UK manufacturing downturn slowed in July as output contracted at a slower pace and business optimism hit a five-month high, survey data from S&P Global showed on Friday.The final factory Purchasing Managers' Index rose to 48.0 in July from 47.7 in the previous month. The flash score was 48.2. The reading signaled contraction in each of the past ten months.S&P Global Market Intelligence Directo...
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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.